IDEXX Raises Forecast as Diagnostics Offset Weak Vet Visits
IDEXX raised its forecast, citing diagnostics as a potential offset to weak veterinary visits.
Story updates
04:46:10 PM UTC
SquawkNews
By Sahil PandeyIDEXX Laboratories NASDAQ:IDXX beat quarterly estimates and raised its annual profit and revenue forecast on Monday, betting that rising diagnostic use per visit and new product launches will sustain growth through softer veterinary clinic traffic.Shares of the pet diagnostics maker…
04:48:07 PM UTC
SquawkNews
By Ty RoushIdexx Laboratories raised its full-year earnings outlook after reporting better-than-expected third-quarter results on Monday, as growing demand for veterinary diagnostics helped the pet healthcare company overcome continued pressure on the industry.Shares of Idexx surged 15% to $635.79…