IDEX earnings beat Street estimates, revenue falls shy
NEW YORK (MarketWatch) -- IDEX Corp.(IEX)posted Thursday fourth-quarter net income of $28.7 million, or 54 cents a share compared with $22.6 million, or 43 cents a share in the year-ago quarter. The maker of fluid-handling products said sales rose 8% to $261.5 million over year-ago levels. The Thomson First Call average estimate was for earnings of 53 cents a share on sales of $265.8 million. On Wednesday, the stock fell 53 cents to $43.50.