Idexx Labs (IDXX -3.3%) slips after missing Q1 revenue estimates earlier today. The company is...
Idexx Labs (IDXX -3.3%) slips after missing Q1 revenue estimates earlier today. The company is also pulling back on its initially bullish 2013 forecast, now saying it expects FY13 EPS to be around $3.40 - 3.46, below the Street's $3.54. Revenues are expected to be $1.38B to $1.39B, representing growth of 7% to 7.5% Y/Y. Organic growth is expected to come in lower, in the range of 7.5% to 8% as compared with previous guidance of 8% to 9%, which is largely due to the impact of unfavorable changes in FX rates.
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