AMETEK Inc. ($AME) Stock Forecast: Down 5.1% Today

What is AMETEK Inc.?

AME is the stock symbol for AMETEK Inc., a company that provides electronic instruments and electromechanical devices. The company operates in two segments: Electronic Instruments Group (EIG) and Electromechanical Group (EMG).

Why is AMETEK Inc. going down?

AME stock is down 5.1% on Aug 2, 2024 19:13

• Despite surpassing earnings estimates, AME saw a decline in its stock price, possibly due to falling short of revenue expectations, raising concerns about its growth outlook.
• The market's reaction to the lower revenue numbers might have overshadowed the positive earnings results and sales uptick.
• Concerns about the sustainability of AME's growth path could be prompting investors to offload the stock, despite the upbeat earnings report.
• The discrepancy between revenue missing the mark and earnings exceeding forecasts likely fueled uncertainty among investors, prompting the bearish trend in AME's stock.

AME Price Chart

AME News

AMETEK Inc. Q2 2024 Earnings: Revenue at $1.73 Billion, GAAP EPS at $1.45, Both Miss Estimates

AMETEK Inc. Q2 2024 Earnings: Revenue at $1.73 Billion, GAAP EPS at $1.45, Both Miss Estimates

https://www.gurufocus.com/news/2489295/ametek-inc-q2-2024-earnings-revenue-at-173-billion-gaap-eps-at-145-both-miss-estimates

AMETEK ( AME ) Q2 Earnings Surpass Estimates, Sales Rise Y/Y

AMETEK's (AME) second-quarter results benefit from strength in the EMG segment amid inventory corrections.

https://www.zacks.com/stock/news/2314582/ametek-ame-q2-earnings-surpass-estimates-sales-rise-yy

Ametek ( AME ) Beats Q2 Earnings Estimates

Ametek (AME) delivered earnings and revenue surprises of 1.22% and 2.23%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2313854/ametek-ame-beats-q2-earnings-estimates

Ametek Inc. Q2 Profit Increases, Beats Estimates

WASHINGTON (dpa-AFX) - Ametek Inc. (AME) announced earnings for its second quarter that increased from last year and beat the Street estimates.The company''s earnings totaled $337.683 million, or $…

https://www.finanznachrichten.de/nachrichten-2024-08/62883723-ametek-inc-q2-profit-increases-beats-estimates-020.htm

AMETEK Announces Second Quarter Results

BERWYN, Pa., Aug. 1, 2024 /PRNewswire/ -- AMETEK, Inc. (NYSE: AME) today announced its financial results for the second quarter ended June 30, 2024. AMETEK''s second quarter 2024 sales were $1.73 billion, a 5% increase over the second quarter of 2023. Operating income increased 7% to a…

https://www.prnewswire.com/news-releases/ametek-announces-second-quarter-results-302211618.html

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AMETEK Inc. Price History

05.06.2023 - AME Stock was down 2.1%

• The increase in short interest in AME suggests that there may be a growing pessimistic sentiment among traders, leading to selling pressure on the stock.
• Despite AME's consistent performance, the stock price did not see significant gains, which could have contributed to the bearish movement.
• The integration of generative AI techniques by GoDaddy, a separate company mentioned in one of the articles, is unrelated to AME's market movement.

02.07.2024 - AME Stock was down 5.1%

• Despite surpassing earnings estimates, AME saw a decline in its stock price, possibly due to falling short of revenue expectations, raising concerns about its growth outlook.
• The market's reaction to the lower revenue numbers might have overshadowed the positive earnings results and sales uptick.
• Concerns about the sustainability of AME's growth path could be prompting investors to offload the stock, despite the upbeat earnings report.
• The discrepancy between revenue missing the mark and earnings exceeding forecasts likely fueled uncertainty among investors, prompting the bearish trend in AME's stock.