WASHINGTON (dpa-AFX) - AMETEK Inc. (AME) reported that its fourth-quarter net income increased 25% to $101.9 million, from $81.2 million in last year's fourth quarter. Earnings per share increased 26% to $0.63 per share, from the fourth quarter 2010 level of $0.50 per share. AMETEK's fourth quarter 2011 sales of $762.8 million were up 13% over the same period of 2010. Analysts polled by Thomson Reuters expected the company to report earnings of $0.61 per share on revenues of $765.05 million for the quarter. Analysts' estimates typically exclude special items. For the first-quarter 2012 sales are expected to be up mid teens on a percentage basis from last year's first quarter. The company said that it estimates its earnings to be approximately $0.63 to $0.65 per share, an increase of 13% to 16% over last year's first quarter of $0.56. Analysts expect the company to report earnings of $0.64 per share on revenues of $789.60 million for the first-quarter. The company anticipates 2012 revenue to be up low double digits on a percentage basis from 2011 reflecting mid single digit core growth and contributions from recent acquisitions. Earnings for 2012 are expected to be in the range of $2.65 to $2.70 per share, up 12% to 14% over 2011. Analysts expect the company to report earnings of $2.64 per share on revenues of $3.23 billion for fiscal 2012.
Copyright RTT News/dpa-AFX
© 2012 AFX News
