IDEXX Laboratories Slashes FY24 Outlook - Update

Pet healthcare company IDEXX Laboratories, Inc. (IDXX) announced Thursday the launch of the first veterinary diagnostic test for detecting kidney injury in cats and dogs.

While reporting financial results for the second quarter on Tuesday, pet healthcare provider IDEXX Laboratories, Inc. (IDXX) slashed its earnings and revenue growth guidance for the full-year 2022.

Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from Wall Street overnight, as markets in the region cheered news that President-elect Donald Trump's economic team is discussing a cautious and slow approach in implementing tariff hikes to avoid an inflation spike. The US dollar also weakened against most of the currencies in the region.

Higher GIFT Nifty futures point to a positive start for Indian shares on Tuesday. Investors are also likely to react positively to data showing a drop in consumer price inflation in the month of December. Some bargain hunting is likely as well after four successive days of declines.

The Australian stock market is trimming its early gains in mid-market trading on Tuesday, after snapping the three-session losing streak, with the benchmark S&P/ASX 200 index moving above the 8,200.00 level, with gains in mining and energy stocks partially offset by weakness in financial and technology stocks.

The Thai stock market moved lower again on Monday, one session after halting the two-day slide in which it had stumbled almost 30 points or 2.2 percent. The Stock Exchange of Thailand now sits just beneath the 1,355-point plateau and it may find renewed support on Tuesday. The global forecast for the Asian markets is murky, with support from the oil companies likely offset by weakness from the technology shares. The European markets were down and the U.S. bourses were mostly higher and the Asian markets figure to split the difference. The SET finished sharply lower on Monday following losses from the food, consumer, property, service and technology sectors, while the financials offered support. For the day, the index dropped 13.65 points or 1.00 percent to finish at 1,354.34 after trading between 1,349.02 and 1,362.14. Volume was 9.462 billion shares worth 43.022 billion baht. There were 342 decliners and 146 gainers, with 178 stocks finishing unchanged. Among the actives, Advanced Info fell 0.35 percent, while Thailand Airport plummeted 3.00 percent, Asset World plunged 3.66 percent, Banpu surged 4.81 percent, Bangkok Bank jumped 1.64 percent, Bangkok Dusit Medical increased 0.84 percent, Bangkok Expressway lost 2.14 percent, B. Grimm declined 1.16 percent, BTS Group gained 1.69 percent, CP All Public tumbled 1.80 percent, Charoen Pokphand Foods retreated 1.36 percent, Energy Absolute cratered 10 percent, Gulf shed 0.85 percent, Kasikornbank strengthened 1.57 percent, Krung Thai Bank collected 1.38 percent, Krung Thai Card dropped 0.99 percent, PTT Exploration and Production spiked 2.01 percent, PTT Global Chemical sank 0.87 percent, SCG Packaging climbed 1.13 percent, Siam Commercial Bank improved 1.68 percent, Siam Concrete stumbled 1.62 percent, Thai Oil accelerated 2.00 percent, True Corporation slumped 1.79 percent, TTB Bank rallied 2.22 percent and PTT Oil & Retail and PTT were unchanged.

The Japanese stock market is modestly lower in post-holiday trading on Tuesday, extending the loses in the previous three sessions, with the Nikkei 225 falling well below the 38,700 level, following the mixed cues from Wall Street overnight, with weakness across most sectors led by index heavyweights, financial and technology stocks.

The Indonesia stock market headed south again on Monday, one session after ending the two-day slide in which it had slumped almost 20 points or 0.3 percent. The Jakarta Composite Index now sits just above the 7,015-point plateau although it's expected to open in the green on Tuesday. The global forecast for the Asian markets is murky, with support from the oil companies likely offset by weakness from the technology shares. The European markets were down and the U.S. bourses were mostly higher and the Asian markets figure to split the difference. The JCI finished sharply lower on Monday following losses from the cement and financial sectors, while the resource stocks came in mixed. For the day, the index slumped 71.99 points or 1.02 percent to finish at 7,016.88 after trading between 6,986.59 and 7,089.57. Among the actives, Bank CIMB Niaga skidded 1.16 percent, while Bank Mandiri retreated 1.34 percent, Bank Danamon Indonesia fell 0.40 percent, Bank Negara Indonesia surrendered 3.22 percent, Bank Central Asia shed 0.51 percent, Bank Rakyat Indonesia plunged 3.99 percent, Bank Maybank Indonesia dropped 0.98 percent, Indosat Ooredoo Hutchison rose 0.42 percent, Indocement tanked 3.17 percent, Semen Indonesia stumbled 2.01 percent, United Tractors climbed 1.20 percent, Astra International declined 3.06 percent, Energi Mega Persada rallied 2.48 percent, Astra Agro Lestari strengthened 1.69 percent, Aneka Tambang advanced 1.02 percent, Jasa Marga tumbled 2.00 percent, Timah surged 3.88 percent, Bumi Resources plummeted 4.10 percent and Indofood Sukses Makmur and Vale Indonesia were unchanged.