AMETEK (AME) Q1 Earnings Surpass Estimates, Sales Rise Y/Y

AMETEK, Inc. (AME) has reported first-quarter 2024 adjusted earnings of $1.64 per share, beating the Zacks Consensus Estimate by 3.1%. The bottom line rose 10% on a year-over-year basis.Net sales of $1.74 billion increased 9% from the year-ago quarter. However, the figure missed the Zacks Consensus Estimate of $1.78 billion.Top-line growth was primarily driven by the solid performance of the Electromechanical Group (EMG) segment. Also, strength in the Electronic Instruments Group (EIG) segment contributed w ...