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IDEXX Laboratories Inc Q2 Income Drops, misses estimates

IDEXX Laboratories Inc (IDXX) released a profit for second quarter that decreased from the same period last year and missed the Street estimates.

The company's bottom line came in at $131.98 million, or $1.56 per share. This compares with $202.58 million, or $2.34 per share, in last year's second quarter.

Analysts on average had expected the company to earn $1.64 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.2% to $860.55 million from $826.14 million last year.

IDEXX Laboratories Inc earnings at a glance (GAAP) :

-Earnings (Q2): $131.98 Mln. vs. $202.58 Mln. last year.
-EPS (Q2): $1.56 vs. $2.34 last year.
-Analyst Estimates: $1.64
-Revenue (Q2): $860.55 Mln vs. $826.14 Mln last year.

-Guidance:
Full year EPS guidance: $7.77 - $8.05
Full year revenue guidance: $3,305 - $3,385 Mln

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