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5 years ago
Ametek reports higher profit, raises full-year profit forecast
October 23, 2012 / 11:22 AM / 5 years ago

Ametek reports higher profit, raises full-year profit forecast

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(Reuters) - Diversified manufacturer Ametek Inc (AME.N) raised its full-year earnings forecast for the second time in three months after it reported a higher quarterly profit on growth in its oil and gas, aerospace and power businesses.

The company raised its full-year earnings forecast to between $1.85 and $1.87 per share from $1.83 to $1.85 per share.

Net income rose to $115.4 million, or 47 cents per share, in the third quarter from $98 million, or 40 cents per share, a year earlier.

Revenue rose 12 percent to $839.4 million.

Reporting by Mridhula Raghavan in Bangalore; Editing by Don Sebastian

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