IDEXX Laboratories shares are trading lower after the company reported mixed Q1 financial results and issued FY24 EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
IDEXX Laboratories' shares dropped following mixed Q1 financial results and FY24 EPS guidance that fell short of expectations.
May 01, 2024 | 2:11 pm
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IDEXX Laboratories' shares declined due to mixed Q1 financial outcomes and FY24 earnings per share guidance below analyst estimates.
The decline in IDEXX Laboratories' stock price is directly attributed to the mixed financial results for Q1 and the issuance of FY24 EPS guidance that did not meet analyst expectations. Such financial disclosures typically have a significant impact on investor sentiment and stock price in the short term, as they directly relate to the company's current performance and future outlook.
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IMPORTANCE 90
RELEVANCE 100