IDEXX Laboratories Inc. (IDXX) reported third quarter adjusted EPS of $1.05 Friday morning, which topped the consensus estimate of $0.90. The company also increased its full year EPS forecast to between $3.85 and $3.90, from previous expectations of $3.79 to $3.86. The consensus estimate is for EPS of $3.82.
IDEXX Laboratories gapped open sharply higher Friday and rose during the first hour of trade, before settling into a range. The stock closed up by 8.85 at $135.20 on the highest volume of the year. IDEXX Laboratories closed challenging the highs of the year, trading at a 3-month high.
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