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AMETEK (AME) Q4 Earnings, Revenues Surpass Estimates

AMETEK, Inc. AME reported fourth-quarter 2018 adjusted earnings of 86 cents per share, which beat the Zacks Consensus Estimate by 2 cents and also exceeded management’s guidance of 82-84 cents. Further, the figure increased 23% from the year-ago quarter.

Net sales increased 11% on a year-over-year basis to $1.27 billion in the quarter. The figure topped the consensus estimate of $1.25 billion. Robust organic growth and strong segmental performance drove the top line.

For the full year of 2018, the company recorded revenues of $4.8 billion, 13% higher than prior year. Adjusted earnings per share were $3.29, up 26%.

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https://finance.yahoo.com/news/ametek-am...07546.html

Ametek (AME) Q4 Earnings Beat Estimates

Ametek (AME) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $0.86 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 4.85%. A quarter ago, it was expected that this maker of electronic instruments and electromechanical devices would post earnings of $1.01 per share when it actually produced earnings of $1.06, delivering a surprise of 4.95%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Ametek, which belongs to the Zacks Electronics - Testing Equipment industry, posted revenues of $1.30 billion for the quarter ended December 2019, missing the Zacks Consensus Estimate by 2.73%. This compares to year-ago revenues of $1.27 billion.


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https://finance.yahoo.com/news/ametek-am...01277.html