Ametek Inc. raised its first-quarter and full-year outlook on Wednesday. Ametek Inc trades on the “New York Stock Exchange” under the stock symbol “AME”.
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Ametek Inc. (NYSE:AME), which makes electric motors, and products for the aerospace and defense industry, raised its first-quarter and full-year outlook on Wednesday. The company now predicts earnings of 53 cents to 54 cents per share for the quarter ended in March, up from a previous range of 45 cents to 47 cents per share. For the full year, the company raised its profit estimate to between $2.20 and $2.28 per share, from $2.10 to $2.20 . The Company also predicts Quarterly earnings to project roughly 53 cents to 55 cents per share for the quarter ending in June, which is currently on the same plane as analyst estimates of 54 cents.
About Ametek Inc: AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices in North America, Europe, Asia, and South America. The company operates in two segments, Electronic Instruments Group and Electromechanical Group. The Electronic Instruments Group segment offers instrumentation for various electronic applications used in transportation industries, including aircraft cockpit instruments and displays; airborne electronics systems; and pressure, temperature, flow, and liquid-level sensors for commercial airlines and aircraft and jet engine manufacturers. This segment also provides analytical instrumentation for the laboratory and research markets; instruments for food service equipment; measurement and monitoring instrumentation for various process industries; instruments and instrument panels for heavy trucks, heavy construction, and agricultural vehicles; and instrumentation and thermoplastic compounds for automotive, appliance, and telecommunications applications.
The Electromechanical Group segment produces brushless air-moving motors for aerospace, mass transit, medical equipment, computer, and business machine applications. It also offers specialty metal products, including steel and nickel clad alloys; stainless steel, cobalt, and nickel alloy powders; metal strip; specialty shaped and electronic wire; and metal matrix composites used in electronic thermal management. In addition, this segment supplies hermetically sealed (moisture-proof) connectors, terminals, and headers, as well as offers air-moving electric motors and motor-blower systems for manufacturers of floor care appliances and outdoor power equipment
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