Why Idexx Labs Stock Rocketed Higher This Week
Shares of leading pet healthcare diagnostics provider Idexx Laboratories (NASDAQ: IDXX) were up by 9% this week as of 4 p.m. ET Thursday, according to data provided by S&P Global Market Intelligence.
Idexx Labs reported fourth-quarter earnings Monday morning that surpassed analysts' expectations for revenue and earnings per share (EPS).
Idexx delivered revenue and EPS growth of 6% and 13% in Q4, but its guidance appears to have caught the market's attention. Looking ahead to 2025, management expects the company to grow sales by 4% to 7%, while EPS is projected to jump between 10% and 15%.
Source Fool.com
