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Ametek 1Q Profit Falls 11 Percent
Stock quotes in this article:
AME
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PAOLI, Pa. (AP) — Ametek Inc., a manufacturer of electric motor and aircraft monitoring equipment, said Tuesday its first quarter profit fell 11 percent due to a big drop in sales, but the company met Wall Street estimates by cutting costs.
For the quarter ended March 31, net income dropped to $59.1 million, or 55 cents per share, from $66.4 million, or 62 cents per share.
The result matched profit estimates of analysts polled by Thomson Reuters. ...
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