Idex Rises Marginally After First: quarter earnings beat

IDEX

01/05/2025 15:25

** Industrial equipment maker IDEX Corp IEX.N shares up 1% to $176

** The company's Q1 profit and revenue beat Wall Street estimates due to sustained recovery in demand for its health and science-related products

** It posted Q1 profit of $1.75/share, above market estimates of $1.63/share

     ** IDEX reports Q1 revenue of $814.3 million, above analyst estimates of $807.2 million

** Expects Q2 adjusted profit between $1.95/share and $2.05/share, compared with analysts' average estimate of $2.10/share, according to data compiled by LSEG

** Eight of 15 brokerages rate the stock "buy" or higher and seven "hold"; their median PT is $215.56

** Including session moves, the stock fell 16% YTD

 (Reporting by Apratim Sarkar)

 ((Apratim.Sarkar@thomsonreuters.com))