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AMETEK Q3 Adjusted Earnings, Net Sales Rise; 2024 Adjusted Earnings Outlook Raised
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AMETEK Q3 Adjusted Earnings, Net Sales Rise; 2024 Adjusted Earnings Outlook Raised
Oct 31, 2024 5:16 AM

07:48 AM EDT, 10/31/2024 (MT Newswires) -- AMETEK ( AME ) reported Q3 adjusted earnings Thursday of $1.66 per diluted share, up from $1.64 a year earlier.

Analysts polled by Capital IQ expected $1.62.

Net sales for the quarter ended Sept. 30 were $1.71 billion, compared with $1.62 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.71 billion.

For Q4, the company said it expects adjusted earnings of $1.81 to $1.86 per diluted share. Analysts polled by Capital IQ expect $1.84. Sales for the quarter are expected to grow mid-single digits on a percentage basis from the previous year. Analysts polled by Capital IQ expect $1.81 billion.

The industrial technology company said it expects 2024 adjusted earnings of $6.77 to $6.82 per diluted share, up from $6.70 to $6.80, previously. Analysts polled by Capital IQ expect $6.76. AMETEK ( AME ) said it continues to expect sales for the year to be up between 5% and 7% from the previous year. Analysts polled by Capital IQ expect $6.99 billion.

Price: 169.09, Change: +0.18, Percent Change: +0.11

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