Ametek (AME) Matches Q4 Earnings Estimates, Revenues Beat

AMETEK Inc.AME is a leading worldwide manufacturer of electronic appliances and electromechanical devices. AMETEK sells its products globally through two major operating groups, the Electronic Instruments Group ("EIG") and the Electromechanical Group ("EMG").

AMETEK continues to see solid growth across its Ultra Precision Technologies business. This, in combination with a strong portfolio of differentiated businesses, is expected to help the company post better results in the upcoming quarter.

Due to this, investors are eagerly awaiting AMETEK's earnings report in order to set the record straight and to give some guidance on where this company is heading and are these factors effectively contributing.

For the current year earnings, there has not been any movement in estimate revisions in either direction in last 60 days.

AMTEK, Inc. Price and EPS Surprise

AMTEK, Inc. Price and EPS Surprise | AMTEK, Inc. Quote

Currently, AME has a Zacks Rank #3 (Hold), but that could definitely change following the company's earnings report which was just released. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: AME reported earnings of 58 cents which matched the The Zacks Consensus Estimate.

Revenue: AMETEK beats on revenues. It posted revenues of $973 million, compared to our consensus estimate of $971 million.

Key Stats: The company's top-line performance improved as oil and gas and metals markets stabilized.

Check back later for our full write up on this AME earnings report later!

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AMTEK, Inc. (AME): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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