Ametek Inc. Q1 Earnings Retreat 12%

(RTTNews) - Ametek Inc. (AME) announced a profit for first quarter that declined compared to the same period last year.

The company said its profit fell to $134.17 million, or $0.57 per share. This was down from $152.92 million, or $0.63 per share, in last year's first quarter.

Analysts had expected the company to earn $0.57 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.0% to $944.40 million. This was down from $984.06 million last year.

Ametek Inc. earnings at a glance:

-Earnings (Q1): $134.17 Mln. vs. $152.92 Mln. last year. -Earnings Decline (Y-o-Y): -12.3% -EPS (Q1): $0.57 vs. $0.63 last year. -EPS Decline (Y-o-Y): -9.5% -Analysts Estimate: $0.57 -Revenue (Q1): $944.40 Mln vs. $984.06 Mln last year. -Revenue Change (Y-o-Y): -4.0%

-Guidance: Next quarter EPS guidance: $0.58 - $0.59 Full year EPS guidance: $2.42 - $2.52