SmartRent IncStock rose 24.8% after its results
AMETEK reported second-quarter revenues of $2.04 billion, up 15% year on year, beating analyst expectations by 4.4% and leading the group of six internet of things stocks tracked, which collectively saw revenues exceed consensus by 2.1%. The company also guided full-year EPS slightly above expectations and next quarter's EPS above expectations, with CEO David A. Zapico citing strong organic sales growth, acquisitions, and record operating performance. Despite the beat, AMETEK's stock has fallen 5.1% since the report to $231.44. Among peers, SmartRent rose 24.8% after its results, while Emerson Electric, Trimble, and Vontier saw mixed outcomes, with Emerson's stock down 7.1% and Vontier down 5.8%.
SmartRent IncStock rose 24.8% after its results
Trimble IncMixed outcomes reported
Ametek IncQ2 revenues beat expectations and EPS guidance above consensus
Emerson Electric CompanyStock down 7.1% after mixed results
Vontier CorpStock down 5.8% after results