IDEXX Laboratories Inc. (IDXX) reported fourth quarter net income of $0.67 per share Friday morning, compared to $0.62 per share in the previous year. The consensus estimate was for EPS of $0.63. Full year 2012 EPS is now expected to be between $3.04 and $3.10, compared to prior expectations of $3.00 to $3.10. The consensus estimate is for EPS of $3.07.
Shares of IDEXX Laboratories gapped open lower Friday and have since sharply declined on above average volume. The stock is now down 5.10 at $82.21 and is pulling back from resistance at the highs of the year.
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