Ametek (AME) Tops Q2 EPS by 5c, Raises FY Guidance

Ametek (NYSE: AME) reported Q2 EPS of $0.83, $0.05 better than the analyst estimate of $0.78. Revenue for the quarter came in at $1.21 billion versus the consensus estimate of $1.19 billion.

GUIDANCE:

Ametek sees FY2018 EPS of $3.16-$3.20, versus the consensus of $3.14.

• We continue to expect overall sales for the year to be up low-double digits on a percentage basis, with organic sales up mid-single digits
• "Overall sales in the third quarter of 2018 are expected to be up high-single digits on a percentage basis versus the prior year period. Third quarter earnings are expected to be in the range of $0.76 to $0.78 per diluted share, up 15% to 18% over the same quarter in 2017,

For earnings history and earnings-related data on Ametek (AME) click here.

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