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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