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Idex: 1Q Earnings Snapshot

LAKE FOREST, Ill. (AP) _ IDEX Corp. (IEX) on Thursday reported first-quarter earnings of $110.3 million.

On a per-share basis, the Lake Forest, Illinois-based company said it had profit of $1.44.

The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.

The maker of the Jaws of Life device and other engineered products posted revenue of $622.2 million in the period, which missed Street forecasts. Eight analysts surveyed by Zacks expected $634.5 million.

Idex expects full-year earnings to be $5.70 to $5.85 per share.

Idex shares have risen 21 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $153.36, a rise of 11 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IEX at https://www.zacks.com/ap/IEX