Ametek Inc. Q2 adjusted earnings Beat Estimates

(RTTNews) - Ametek Inc. (AME) revealed a profit for second quarter that dropped from the same period last year.

The company's profit totaled $166.22 million, or $0.72 per share. This compares with $215.50 million, or $0.94 per share, in last year's second quarter.

Analysts had expected the company to earn $0.72 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 21.7% to $1.01 billion from $1.29 billion last year.

Ametek Inc. earnings at a glance:

-EPS (Q2): $0.84 vs. $1.05 last year. -Analysts Estimate: $0.72 -Revenue (Q2): $1.01 Bln vs. $1.29 Bln last year.

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

In This Story


Latest Markets Videos


Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More