AMETEK Q4 Adj EPS $1.68 Beats $1.63 Estimate, Sales $1.73B Miss $1.737B Estimate
Portfolio Pulse from Benzinga Newsdesk
AMETEK (NYSE:AME) reported Q4 adjusted earnings per share of $1.68, surpassing the consensus estimate of $1.63, marking a 10.53% year-over-year increase. However, its quarterly sales of $1.73 billion fell slightly short of the $1.737 billion estimate, though it represents a 6.40% increase from the previous year.
February 06, 2024 | 11:57 am
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AMETEK's Q4 earnings exceeded expectations with a 10.53% increase from last year, but sales slightly missed estimates, showing a 6.40% year-over-year growth.
The positive earnings surprise and year-over-year growth in both earnings and sales are likely to be viewed favorably by investors, potentially leading to a short-term positive impact on AME's stock price. However, the slight miss on sales estimates could temper some of the positive sentiment.
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IMPORTANCE 90
RELEVANCE 100