Ametek shares fall after forecasting annual profit below estimates

Ametek

04/02/2025 15:04

** Industrial technology solutions provider Ametek's  AME.N 
shares fall 3.5% to $178 in morning trade
    ** AME forecast lower-than-expected annual profit on Tuesday
amid weakness in demand for some of its test and measurement
systems
    ** Company expects 2025 adjusted profit per share to be
between $7.02 to $7.18, below analysts' average expectation of
$7.39/share, according to data compiled by LSEG
    ** Separately, company also announced the acquisition of
Germany-based ultra-precision manufacturing solutions maker Kern
Microtechnic to strengthen its Electronic Instruments Group
(EIG) business
    ** Twelve of 17 brokerages rate AME "buy" or higher, 4
"hold" and one "sell"; their median PT is $205 - data compiled
by LSEG
    ** In 2024, AME was up 9.32%

 (Reporting by Anshuman Tripathy)
 ((Anshuman.Tripathy@thomsonreuters.com))