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IDEXX (IDXX) Expands Test Menu for the Catalyst Platform
ZACKS· 2024-06-06 13:55
IDEXX Laboratories, Inc. (IDXX) recently launched the Catalyst Pancreatic Lipase Test, a single-slide solution for canine and feline patients suspected of pancreatitis. With the innovative load-and-go workflow of the Catalyst analyzers, the test can run effortlessly alongside chemistry profiles, leading to a faster path to diagnosis and enhanced patient outcomes. The latest development is likely to strengthen IDEXX's Companion Animal Group ("CAG") Diagnostics business. Significance of the New Test Pancreati ...
IDEXX Expands Test Menu for the Catalyst Platform to Support Veterinarians Globally in Diagnosing Pancreatitis
Prnewswire· 2024-06-04 11:00
The launch of the Catalyst® Pancreatic Lipase Test demonstrates IDEXX's Technology for Life strategy and will provide veterinarians with quantitative results at the point-of-care in less than 10 minutes WESTBROOK, Maine, June 4, 2024 /PRNewswire/ -- IDEXX Laboratories, Inc. (NASDAQ: IDXX), a global leader in pet healthcare innovation, announces the launch of the Catalyst® Pancreatic Lipase Test, a single-slide solution for canine and feline patients suspected of pancreatitis. With the innovative load-and-go ...
IDEXX (IDXX) Witnesses Rising Expenses, Currency Issues
zacks.com· 2024-05-20 16:20
IDEXX Laboratories' (IDXX) business has been suffering due to complex macroeconomic conditions and unfavorable currency movement. The stock carries a Zacks Rank #4 (Sell) currently. Global macroeconomic conditions, including growing geopolitical complexities, supply chain disruptions leading to increases in the unit cost of raw materials, shortages of healthcare staff, fluctuations in foreign currency exchange rates and volatility in capital markets may continue to affect IDEXX's results of operations. Thes ...
IDEXX(IDXX) - 2024 Q1 - Quarterly Report
2024-05-01 20:13
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________. COMMISSION FILE NUMBER: 000-19271 IDEXX LABORATORIES, INC. (Registrant's telephone number, including area code) Securities ...
Furry Tech Boom: 3 Pet Stocks Unleashing the Power of AI
InvestorPlace· 2024-05-01 18:31
Fortune.com recently reported that artificial intelligence (AI) is helping the pet care industry cope with a chronic veterinary shortage. AI use cases could become far more prevalent for pets than humans in the near term due to fewer impediments such as privacy laws. That’s excellent news for AI pet stocks. Indeed, animal health innovation is accelerating in 2024. As an investor, it pays to be aware of trends in this consistently growing industry. The pet sector came into its own during the pandemic. Now po ...
IDEXX(IDXX) - 2024 Q1 - Earnings Call Transcript
2024-05-01 16:25
IDEXX Laboratories, Inc. (NASDAQ:IDXX) Q1 2024 Earnings Conference Call May 1, 2024 8:30 AM ET Company Participants Brian McKeon - Executive Vice President, Chief Financial Officer Jay Mazelsky - President and Chief Executive Officer Conference Call Participants Chris Schott - JPMorgan Nathan Rich - Goldman Sachs Michael Ryskin - Bank of America Erin Wright - Morgan Stanley Jonathan Block - Stifel Navann Ty - Exane BNP Paribas Ryan Daniels - William Blair Operator Good morning and welcome to the IDEXX Labor ...
IDEXX (IDXX) Q1 Earnings Surpass Estimates, 2024 View Slashed
Zacks Investment Research· 2024-05-01 15:46
IDEXX Laboratories, Inc. (IDXX) posted first-quarter 2024 earnings per share (EPS) of $2.81, up 10.2% year over year. The figure surpassed the Zacks Consensus Estimate by 4.9%.In the first quarter of 2024, comparable constant-currency EPS of $2.71 improved 8.8% year over year.Revenues in DetailFirst-quarter revenues increased 7.1% year over year (7% organically) to $964.1 million. However, the metric missed the Zacks Consensus Estimate by 0.1%.The year-over-year upside was primarily driven by the 7% reporte ...
Compared to Estimates, Idexx (IDXX) Q1 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-05-01 14:35
For the quarter ended March 2024, Idexx Laboratories (IDXX) reported revenue of $964.1 million, up 7.1% over the same period last year. EPS came in at $2.81, compared to $2.55 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $965.43 million, representing a surprise of -0.14%. The company delivered an EPS surprise of +4.85%, with the consensus EPS estimate being $2.68.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- an ...
Idexx Laboratories (IDXX) Tops Q1 Earnings Estimates
Zacks Investment Research· 2024-05-01 12:41
Idexx Laboratories (IDXX) came out with quarterly earnings of $2.81 per share, beating the Zacks Consensus Estimate of $2.68 per share. This compares to earnings of $2.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.85%. A quarter ago, it was expected that this Animal diagnostic and health care company would post earnings of $2.12 per share when it actually produced earnings of $2.32, delivering a surprise of 9.43%.Over t ...
IDEXX(IDXX) - 2024 Q1 - Quarterly Results
2024-05-01 10:30
Exhibit 99.1 FOR IMMEDIATE RELEASE Contact: John Ravis, Investor Relations, 1-207-556-8155 IDEXX Laboratories Announces First Quarter Results WESTBROOK, Maine, May 1, 2024— IDEXX Laboratories, Inc. (NASDAQ: IDXX), a global leader in pet healthcare innovation, today announced first quarter results. First Quarter Results The Company reports revenues of $964 million for the first quarter of 2024, an increase of 7% as reported and organic, driven by Companion Animal Group ("CAG") growth of 7% as reported and or ...