Ametek Inc. (AME) reported fourth-quarter net income of $51.9 million or $0.48 per share compared to $43.8 million or $0.41 per share last year.
On average, 10 analysts polled by Thomson Reuters expected the company to report profit of $0.47 per share for the quarter. Analysts' estimates typically exclude special items.
Sales were $523.5 million compared to $623.74 million last year. Analysts expected revenue of $513.06 million for the quarter.
The company expects 2010 revenue to be up low to mid single digits on a percentage basis from 2009. Earnings for 2010 are expected to be in the range of $2.10-$2.20 per share, up 10%-15% over 2009.
First-quarter sales are expected to be down mid single digits on a percentage basis from last year's first quarter. The company expects earnings to be approximately $0.45-$0.47 per share.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.