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AMETEK Boosts FY24 Earnings Outlook - Update

RTTNews | 201 days ago

AMETEK Boosts FY24 Earnings Outlook - Update

(RTTNews) - While reporting financial results for the first quarter on Thursday, AMETEK, Inc. (AME) raised its earnings and adjusted earnings guidance for the full-year 2024, while maintaining annual net sales growth outlook.

For the second quarter, the company expects adjusted earnings in a range of $1.63 to $1.65 per share on net sales growth in the mid to high single digit percentage.

For fiscal 2024, the company now projects adjusted earnings in a range of $6.74 to $6.86 per share on net sales growth in the low double digit percentage.

Previously, the company expected adjusted earnings in a range of $6.70 to $6.85 per share on net sales growth in the low double digit percentage.

On average, 15 analysts polled by Thomson Reuters expect the company to report earnings of $6.84 per share on revenues of $7.41 billion for the year. Analysts' estimates typically exclude special items.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: AME

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China Shares May Extend Tuesday's Gains

China Shares May Extend Tuesday's Gains

The China stock market on Tuesday halted the three-day slide in which it had stumbled almost 120 points or 3.7 percent. The Shanghai Composite now sits just beneath the 3,350-point plateau and it's expected to open higher again on Wednesday.

RTTNews | 5h 16min ago

Taiwan Bourse May Reclaim 23,000-Point Level

Taiwan Bourse May Reclaim 23,000-Point Level

The Taiwan stock market has ventured higher in two of three trading days since the end of the four-day losing streak in which it had tumbled almost 850 points or 3.6 percent. The Taiwan Stock Exchange now rests just beneath the 22,850-point plateau and it may see additional support on Wednesday.

RTTNews | 5h 46min ago

Japan Has Y461.2 Billion Trade Shortfall

Japan Has Y461.2 Billion Trade Shortfall

Japan posted a merchandise trade deficit of 461,2 billion yen in October, the Ministry of Finance said on Wednesday.

RTTNews | 6h 6min ago

Singapore Stock Market Tipped To Open In The Green

Singapore Stock Market Tipped To Open In The Green

The Singapore stock market bounced higher again on Tuesday, one day after ending the three-day winning streak in which it had collected more than 30 points or 0.8 percent. The Straits Times Index now sits just beneath the 3,760-point plateau and it may see additional support on Wednesday.

RTTNews | 6h 16min ago

Rebound Predicted For Malaysia Stock Market

Rebound Predicted For Malaysia Stock Market

The Malaysia stock market headed south again on Tuesday, one day after ending the two-day slide in which it had slumped almost 20 points or 1.2 percent. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it figures to bounce higher again on Wednesday.

RTTNews | 6h 46min ago

Win Streak May Continue For South Korea Shares

Win Streak May Continue For South Korea Shares

The South Korea stock market has finished higher in two straight sessions, advancing more than 55 points or 2.3 percent along the way. The KOSPI now sits just above the 2,470-point plateau and it may add to its winnings again on Wednesday.

RTTNews | 7h 16min ago

TSX Ends Marginally Higher As Stocks Pare Early Losses

TSX Ends Marginally Higher As Stocks Pare Early Losses

Canadian stocks tumbled Tuesday morning, hurt by hot inflation data and escalating geopolitical tensions, but recovered gradually to eventually end the day's session on a slightly positive note.

RTTNews | 7h 36min ago

Japan Trade Data Due On Wednesday

Japan Trade Data Due On Wednesday

Japan will on Wednesday release October figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity.

RTTNews | 7h 46min ago

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