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Investing.com — IDEXX Laboratories (NASDAQ:IDXX) shares jumped more than 8% on Monday after the company reported explosive Q4 earnings.
The Westbrook, Maine-based company’s Q4 EPS came in at $2.32, above the consensus estimate of $2.12. Revenue grew 9% year-over-year to $901.6 million, beating the consensus estimate of $891.08M.
IDEXX Labs’ extraordinary performance was seen in advance by our AI-powered stock-picking toll: ProPicks. The company has been an integral part of our Beat the S&P 500 strategy since November 2023, a period in which the stock alone posted an impressive 44% performance as the full strategy gained a solid 20%.
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Looking forward to fiscal year 2024, the company expects EPS in the range of $10.84-$11.33, compared to the consensus estimate of $11.00. Revenue is seen at $3.93-4.04 billion, compared to the consensus of $3.97B.
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Source: Investing.com
