07:37 AM EDT, 08/01/2024 (MT Newswires) -- AMETEK ( AME ) reported Q2 adjusted earnings Thursday of $1.66 per diluted share, up from $1.57 a year earlier.

Analysts polled by Capital IQ expected $1.64.

Net sales for the quarter ended June 30 were $1.73 billion, compared with $1.65 billion a year earlier.

Analysts polled by Capital IQ expected $1.78 billion.

The industrial company said it expects Q3 adjusted EPS of $1.60 to $1.62 and sales growth in the mid-single digits. Analysts polled by Capital IQ expect $1.73 in adjusted earnings per share on revenue of $1.83 billion.

AMETEK ( AME ) said it now expects full-year adjusted EPS of $6.70 to $6.80, down from previous guidance of $6.74 to $6.86. Sales growth is expected to be 5% to 7%, compared with previous guidance of low double digits. Analysts polled by Capital IQ expect $6.84 in adjusted earnings per share on revenue of $7.28 billion.

AMETEK ( AME ) shares were 2.2% lower in recent premarket trading.

Price: 170.50, Change: -2.98, Percent Change: -1.72