AMETEK Q2 Profit Matches Estimates; Reaffirms 2015 Earnings Guidance

(RTTNews) - AMETEK Inc. (AME) reported second-quarter net income of $155.5 million or $0.64 per share, compared to $150.1 million or $0.61 per share, prior year.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.64 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $1.00 billion from $990.72 million last year. Analysts expected revenue of $1.01 billion for the quarter.

The company anticipates 2015 sales to be up low single digits with organic sales roughly flat versus 2014. The company continues to expect earnings for 2015, excluding first quarter realignment costs, to be in the range of $2.58 to $2.63. Analysts expect the company to report earnings per share of $2.60.

The company anticipates third quarter sales to be approximately flat compared to last year's third quarter. The company estimates earnings in the third quarter to be approximately $0.64 to $0.65 per share. Analysts expect the company to report earnings per share of $0.65.