Let's delve into the developments on the US markets one hour before the close of the markets on Wednesday. Below, you'll find the top gainers and losers within the S&P500 index during today's session.
Shares of manufacturing company IDEX (NYSE:IEX)
fell 8.1% in the afternoon session after after the company slashed its full-year profit forecast, overshadowing second-quarter results that beat expectations. Although the company's second-quarter adjusted earnings and revenue surpassed Wall Street expectations, investors focused on the bleaker outlook. The company attributed the revised forecast to a challenging operating environment and slowing demand for its industrial equipment as customers grew more cautious with larger orders amid economic uncertainty. IDEX slashed its full-year adjusted earnings per share guidance to a range of $7.85 to $7.95, which was notably below the analyst consensus of $8.20. The third-quarter forecast also fell short of expectations, signaling a tougher second half of the year for the company.
Seeking insights into today's market movers? Discover the S&P500 gap up and gap down stocks in today's session on Wednesday. Stay informed about the latest market trends.
Manufacturing company IDEX (NYSE:IEX) reported Q2 CY2025 results beating Wall Street’s revenue expectations, with sales up 7.2% year on year to $865.4 million. On the other hand, next quarter’s revenue guidance of $818.2 million was less impressive, coming in 5.6% below analysts’ estimates. Its non-GAAP profit of $2.07 per share was 4% above analysts’ consensus estimates.
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The analyst said that IEX has shown strong financial performance over the past three years, including consistent EPS growth, high returns on equity and capital employed, and outstanding net margins.
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Manufacturing company IDEX (NYSE:IEX) reported Q1 CY2025 results exceeding the market’s revenue expectations, with sales up 1.7% year on year to $814.3 million. Its non-GAAP profit of $1.75 per share was 6.9% above analysts’ consensus estimates.
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Manufacturing company IDEX (NYSE:IEX) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, with sales up 1.7% year on year to $814.3 million. Its non-GAAP profit of $1.75 per share was 6.7% above analysts’ consensus estimates.
