Please do not leave this page until complete. This can take a few moments.
Maine's two biggest publicly traded companies will report fourth-quarter results this week, and both are expected to report an increase in revenues and earnings.
First up is IDEXX Laboratories Inc. (Nasdaq: IDXX), a Westbrook-based animal diagnostic and health care company that's due to release its report Monday before the market opens.
Similar to the third quarter when results exceeded expectations, IDEXX is expected to post a stronger fourth-quarter performance over the same period a year earlier.
Analysts polled by Zacks Investment Research are expecting quarterly earnings of $1.92 a share, which is 1.6% higher than a year earlier, along with a 1.8% jump in quarterly revenues to $815.7 million.
Besides quarterly earnings and revenue figures, investors and analysts will be looking at whether IDEXX makes any further tweaks to its full-year financial outlook, which the company downgraded in October on currency headwinds.
IDEXX shares have a current market value of around $41.8 billion, based on Thursday's close of $504.22 on the Nasdaq exchange. The stock has lost 6.4% of its value over the past year.
WEX Inc. (NYSE: WEX), a financial technology service provider based in Portland, will release fourth-quarter results on Thursday.
In its third-quarter report card last October, the company posted record revenue and raised its full-year financial guidance.
For the fourth quarter, WEX is expected to post a 24.4% jump in earnings per share to $3.21 and a 15.3% rise in revenue to $573.53 million, according to the Zacks consensus forecast.
The company has made no further announcements about job cuts since October's decision to shed 150 global positions, including 30 in Maine, so any updates on staffing will be of interest.
WEX shares closed at $190.59 in New York on Thursday, valuing the company at $8.31 billion. The stock is trading 21.5% higher than a year ago.
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Learn MoreWork for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Learn MoreFew people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Few people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
0 Comments