IDEXX (IDXX) Business Faces Macroeconomic Woes, FX Headwinds
IDEXX(IDXX) ZACKS·2024-06-22 00:41
IDEXX Laboratories, Inc. (IDXX) has been facing uncertain macroeconomic conditions. Currency headwinds continue to dent profit. The stock carries a Zacks Rank #4 (Sell) currently.Global macroeconomic conditions, supply chain disruptions leading to unit cost increases of raw materials, shortages of healthcare staff, fluctuations in foreign currency exchange rates and volatility in capital markets have been affecting IDEXX’s results of operations. These challenges, along with geopolitical instability, includi ...