AMETEK Announces First Quarter Results and Raises 2019 Guidance
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Ametek (AME) Tops Q1 EPS by 4c, Revenues Beat; Raises FY19 EPS Views, Affirms Q2 EPS Outlook
May 1, 2019 6:59 AM EDTAmetek (NYSE: AME) reported Q1 EPS of $1.00, $0.04 better than the analyst estimate of $0.96. Revenue for the quarter came in at $1.29 billion versus the consensus estimate of $1.27 billion.
"AMETEK started 2019 with outstanding performance," said David A. Zapico, AMETEK Chairman and Chief Executive Officer. "Continued solid organic growth, strong contributions from recent acquisitions and excellent operating performance enabled us to exceed our expectations and deliver robust sales and earnings growth with excellent core margin expansion. Given the quarter's strong results, we have raised our guidance for 2019."
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