AMETEK Now Expects FY24 Overall Sales To Be Up 5% - 7% (Prior View Up Low Double Digits); Cuts Adjusted EPS Forecast From $6.74 - $6.86 To $6.70 - $6.80, Est $6.84
Portfolio Pulse from Benzinga Newsdesk
AMETEK has revised its FY24 sales growth forecast to 5%-7%, down from the previous expectation of low double digits. The company also lowered its adjusted EPS forecast to $6.70-$6.80, compared to the prior range of $6.74-$6.86, with an estimate of $6.84.
August 01, 2024 | 11:00 am
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AMETEK has revised its FY24 sales growth forecast to 5%-7%, down from the previous expectation of low double digits. The company also lowered its adjusted EPS forecast to $6.70-$6.80, compared to the prior range of $6.74-$6.86, with an estimate of $6.84.
The downward revision in both sales growth and adjusted EPS forecasts indicates potential challenges for AMETEK, which could negatively impact investor sentiment and the stock price in the short term.
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