Ametek (AME) Reports In-Line Q1 EPS; Reaffirms

Ametek (NYSE: AME) reported Q1 EPS of $0.63, in-line with the analyst estimate of $0.63. Revenue for the quarter came in at $984.1 million versus the consensus estimate of $1.03 billion.

Ametek reaffirms FY2015 EPS of $2.58-$2.63, versus the consensus of $2.60.

"AMETEK achieved solid results to begin the year with outstanding operating performance across the Company and double digit earnings growth. Since the strong U.S. dollar and sluggish global economy will impact our 2015 sales growth, we have proactively taken actions to properly position AMETEK to deliver earnings in-line with our initial guidance," noted Frank S. Hermance, AMETEK Chairman and Chief Executive Officer.

For earnings history and earnings-related data on Ametek (AME) click here.

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