Idex: Q3 Earnings Snapshot

Associated Press Finance
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NORTHBROOK, Ill. (AP) — NORTHBROOK, Ill. (AP) — IDEX Corp. (IEX) on Wednesday reported third-quarter profit of $209.1 million.

The Northbrook, Illinois-based company said it had net income of $2.75 per share. Earnings, adjusted for one-time gains and costs, came to $2.12 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.89 per share.

The maker of the Jaws of Life device and other engineered products posted revenue of $793.4 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $789.9 million.

For the current quarter ending in December, Idex expects its per-share earnings to range from $1.74 to $1.79.

The company said it expects revenue in the range of $765.1 million to $770.8 million for the fiscal fourth quarter.

Idex expects full-year earnings in the range of $8.13 to $8.18 per share, with revenue ranging from $3.25 billion to $3.26 billion.

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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

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