IDEX Corp. Announces 11% Gain In Q2 Earnings

(RTTNews) - IDEX Corp. (IEX) reported a profit for its second quarter that increased from last year.

The company said its bottom line rose to $83.84 million, or $1.08 per share. This was higher than $75.76 million, or $0.99 per share, in last year's second quarter.

Analysts had expected the company to earn $1.06 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.3% to $573.37 million. This was up from $549.70 million last year.

IDEX Corp. earnings at a glance:

-Earnings (Q2): $83.84 Mln. vs. $75.76 Mln. last year. -Earnings Growth (Y-o-Y): 10.7% -EPS (Q2): $1.08 vs. $0.99 last year. -EPS Growth (Y-o-Y): 9.1% -Analysts Estimate: $1.06 -Revenue (Q2): $573.37 Mln vs. $549.70 Mln last year. -Revenue Change (Y-o-Y): 4.3%

-Guidance: Next quarter EPS guidance: $1.04 to $1.06 Full year EPS guidance: $4.18 to $4.23