IDEX Q4 Adj EPS $1.83 Beats $1.78 Estimate, Sales $788.90M Beat $769.06M Estimate
Portfolio Pulse from Benzinga Newsdesk
IDEX (NYSE:IEX) reported Q4 adjusted EPS of $1.83, surpassing the $1.78 estimate, and sales of $788.90M, exceeding the $769.06M estimate. However, this represents a decrease from the previous year's earnings and sales.
February 06, 2024 | 9:31 pm
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IDEX reported higher-than-expected Q4 earnings and sales, but showed a decrease from last year's figures.
Beating earnings and sales estimates typically has a positive short-term impact on a company's stock price. However, the year-over-year decrease in both earnings and sales might temper investor enthusiasm, suggesting a cautious optimism.
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