Ametek Inc. Profit Declines 11% In Q2

(RTTNews) - Ametek Inc. (AME) announced earnings for second quarter that declined from last year.

The company said its bottom line totaled $138.19 million, or $0.59 per share. This was lower than $155.51 million, or $0.64 per share, in last year's second quarter.

Analysts had expected the company to earn $0.59 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.0% to $0.98 billion. This was down from $1.00 billion last year.

Ametek Inc. earnings at a glance:

-Earnings (Q2): $138.19 Mln. vs. $155.51 Mln. last year. -Earnings Decline (Y-o-Y): -11.1% -EPS (Q2): $0.59 vs. $0.64 last year. -EPS Decline (Y-o-Y): -7.8% -Analysts Estimate: $0.59 -Revenue (Q2): $0.98 Bln vs. $1.00 Bln last year. -Revenue Change (Y-o-Y): -2.0%

-Guidance: Next quarter EPS guidance: $0.54 - $0.55 Full year EPS guidance: $2.28 - $2.32