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Ametek Inc Issues Q2 2013 Guidance Below Analysts' Estimates; Reaffirms FY 2013 Revenue Guidance; Raises Low End Of Prior FY 2013 EPS Guidance

Thursday, 25 Apr 2013 07:02am EDT 

Ametek Inc announced that for second quarter of 2013, it expects sales to be up mid to high single digits over last year's second quarter. The Company expects earnings to be approximately $0.51 to $0.52 per diluted share (EPS). For fiscal 2013, it expects revenue to be up high single digits on a percentage basis from 2012, reflecting low to mid-single digit core growth and contributions from recent acquisitions. Earnings for fiscal 2013 are expected to be in the range of $2.08 to $2.12 per diluted share, up 11% to 13% over 2012, reflecting the leveraged impact of core growth, operational initiatives and the contributions from recently acquired businesses. The Company reported revenue of $825.90 million in the first quarter of 2012 and revenue of $3.33 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $908 million and EPS of $0.53 for second quarter of 2013; revenue of $3.62 billion and EPS of $2.12 for fiscal 2013. 

Company Quote

0.07 +0.13%
19 Dec 2014