IDEX Expects Q3 Organic Sales To Be Up 0% To 1%, Adjusted EPS Of $1.85 - $1.90 (Est $2.19)
Portfolio Pulse from Benzinga Newsdesk
IDEX Corporation (IEX) has announced its expectations for Q3 organic sales to be up by 0% to 1%, with adjusted EPS projected to be between $1.85 and $1.90, falling short of the estimated $2.19.
July 31, 2024 | 8:48 pm
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IDEX Corporation (IEX) has announced its Q3 expectations, projecting organic sales growth of 0% to 1% and adjusted EPS between $1.85 and $1.90, which is below the estimated $2.19.
The lower-than-expected EPS guidance is likely to negatively impact investor sentiment and could lead to a short-term decline in IEX's stock price. The minimal organic sales growth also suggests limited revenue expansion.
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