Thursday, April 19, 2007

Ametek quarterly earnings rise, raises 2007 view

(Reuters) - April 19 - Ametek Inc. , which makes electronic instruments and electric motors, said on Thursday that its quarterly earnings rose, helped by strong internal growth and contributions from acquired businesses. The company also forecast a sequential increase in second-quarter earnings and increased its 2007 forecast citing current market conditions and the first-quarter results.

Net income increased to $50.9 million, or 48 cents a share, for the first quarter ended March 31, from $40.3 million, or 38 cents per share, a year earlier. Sales were up 19 percent to $505.3 million.


Read more at Reuters.com Market News

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