AMETEK (AME) Beats on Q4 Earnings, Organic Revenues Up Y/Y
AMETEK Inc. AME is a leading worldwide manufacturer of electronic appliances and electromechanical devices. The company has more than 120 operating sites all over the world and over 80 sales and service stations in North America, Europe, Asia and South America.
AMETEK sells its products globally through two major operating groups, the Electronic Instruments Group (“EIG”) and the Electromechanical Group (“EMG”).
EIG specializes in manufacturing instruments employed for monitoring, examining, calibration and display purposes in the aerospace, power and industrial instrumentation markets. EMG produces engineered electrical connectors and electronics packaging for electronic applications in aerospace, defense, medical and industrial markets.
Zacks Rank: Currently, AME has a Zacks Rank #3 (Hold), but that could definitely change following the company’s fourth-quarter 2018 earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
We have highlighted some of the key details from the just-released announcement below:
Earnings: AMETEK reported earnings of 70 cents per share, which beat the Zacks Consensus Estimate by three cents.
Sales: AMETEK reported sales of $1.14 billion, which comfortably surpassed the Zacks Consensus Estimate of $1.09 billion. Top-line benefited from strong organic sales and acquisitions.
Key Stats: Organic sales growth was 9% in the reported quarter.
AMETEK, Inc. Price
AMETEK, Inc. Price | AMETEK, Inc. Quote
Stock Price: Shares prices did not show any movement in the pre-market trading session.
Check back later for our full write up on this AME earnings report later!
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