AMETEK Leads IoT Peers with Strong Q2 Earnings

Earnings
โดย Yahoo Finance·US·Read original
Summary · why it matters

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%.

Impact on stocks 5

Cloud & Digital Infrastructure · 2 stocks
Defense & Geopolitical Fragmentation · 1 stocks
Ametek Inc
AME
▲ PositiveCapitalrelevance

Q2 revenues beat expectations and EPS guidance above consensus

Robotics & Physical AI · 1 stocks
Electrification & Mobility · 1 stocks