Ametek Inc. Q3 Profit Increases, Beats Estimates

(RTTNews) - Ametek Inc. (AME) released a profit for its third quarter that Increased from the same period last year and beat the Street estimates.

The company's earnings came in at $371.42 million, or $1.61 per share. This compares with $340.24 million, or $1.47 per share, last year.

Excluding items, Ametek Inc. reported adjusted earnings of $1.89 per share for the period.

Analysts on average had expected the company to earn $1.76 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 10.8% to $1.892 billion from $1.708 billion last year.

Ametek Inc. earnings at a glance (GAAP) :

-Earnings: $371.42 Mln. vs. $340.24 Mln. last year. -EPS: $1.61 vs. $1.47 last year. -Revenue: $1.892 Bln vs. $1.708 Bln last year.

-Guidance: Next quarter EPS guidance: $1.90 - $1.95 Full year EPS guidance: $7.32 to $7.37