NORTHBROOK, Ill. (AP) — NORTHBROOK, Ill. (AP) — IDEX Corp. (IEX) on Wednesday reported second-quarter earnings of $141.3 million.
On a per-share basis, the Northbrook, Illinois-based company said it had net income of $1.86. Earnings, adjusted for one-time gains and costs, came to $2.06 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.04 per share.
The maker of the Jaws of Life device and other engineered products posted revenue of $807.2 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $830.8 million.
For the current quarter ending in September, Idex expects its per-share earnings to range from $1.85 to $1.90.
The company expects full-year earnings in the range of $7.80 to $7.90 per share.
_____
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
/Electric%20car%20being%20recharged%20by%20Choochart%20Choochaikupt%20via%20iStock.jpg)
/Facebook-you've%20been%20Zucked%20by%20Annie%20Spratt%20via%20Unsplash.jpg)
/Alphabet%20(Google)%20Image%20by%20Markus%20Mainka%20via%20Shutterstock.jpg)