, an electronic instruments and electromechanical devices manufacturer, said its third-quarter earnings rose 37.8%.
The company earned $47.4 million or 67 cents a share, in the quarter, compared with $34.4 million or 49 cents a share, a year ago. Analysts polled by Thomson First Call were expecting earnings of 67 cents a share.
Third-quarter revenue rose 34.7% from a year ago to $464.2 million. Analysts were expecting revenue of $464.2 million.
For fourth quarter, the company expects earnings of 63 to 65 cents a share on a 15% increase in sales. Analysts are expecting earnings of 64 cents a share on sales of $452.1 million. For full year, Ametek expects earnings of $2.52 to $2.54 a share on a 25% in sales. Analysts expect earnings of $2.54 on sales of $1.76 billion.
Ametek's electronic instruments group third quarter sales were $262.3 million, up 27.6% from last year's level of $205.5 million. The company's electromechanical group sales were $201.9 million, up 45.2% from last year.
"Ametek had an outstanding quarter which exceeded our expectations, Strong internal growth of 13%, combined with the contributions from acquired businesses drove the top-line growth. Excellent performance in our long-cycle aerospace and power businesses and continued strong results in our process and analytical instrument business drove the internal growth," the company said.
Shares fell 56 cents to $47.46.
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