AMETEK Q2 Adj. EPS $1.57 Beats $1.52 Estimate, Sales $1.65B Beat $1.64B Estimate
Portfolio Pulse from Benzinga Newsdesk
AMETEK (AME) reported Q2 adjusted earnings of $1.57 per share, beating the analyst consensus estimate of $1.52 by 3.29%. This is a 13.77% increase from the same period last year. The company also reported quarterly sales of $1.65 billion, beating the analyst consensus estimate of $1.64 billion by 0.18%, a 8.65% increase from last year.
August 01, 2023 | 11:02 am
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POSITIVE IMPACT
AMETEK's Q2 earnings and sales exceeded analyst estimates, indicating a strong financial performance.
AMETEK's better-than-expected Q2 results indicate a strong financial performance, which is likely to positively impact investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100