Ametek: Q2 Earnings Snapshot

BERWYN, Pa. (AP) — BERWYN, Pa. (AP) — Ametek Inc. (AME) on Tuesday reported second-quarter profit of $324.2 million.

On a per-share basis, the Berwyn, Pennsylvania-based company said it had net income of $1.40. Earnings, adjusted for amortization costs, were $1.57 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share.

The maker of electronic instruments and electromechanical devices posted revenue of $1.65 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $1.64 billion.

For the current quarter ending in September, Ametek expects its per-share earnings to range from $1.56 to $1.58.

The company expects full-year earnings in the range of $6.18 to $6.26 per share.

Ametek shares have increased 14% since the beginning of the year, while the S&P's 500 index has increased 20%. The stock has climbed 28% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AME at https://www.zacks.com/ap/AME