NORTHBROOK, Ill. (AP) — NORTHBROOK, Ill. (AP) — IDEX Corp. (IEX) on Tuesday reported fourth-quarter net income of $123.2 million.
The Northbrook, Illinois-based company said it had profit of $1.62 per share. Earnings, adjusted for one-time gains and costs, came to $2.04 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.03 per share.
The maker of the Jaws of Life device and other engineered products posted revenue of $862.9 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $865 million.
For the current quarter ending in March, Idex expects its per-share earnings to range from $1.60 to $1.65.
The company expects full-year earnings in the range of $8.10 to $8.45 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IEX at https://www.zacks.com/ap/IEX
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