AMETEK Inc. (NYSE: AME) plunged 7.46% in pre-market trading on Tuesday following its fourth-quarter 2024 earnings report. The company's revenue missed Wall Street estimates, overshadowing its in-line earnings and fueling concerns about its growth prospects.
For the fourth quarter, AMETEK reported adjusted earnings per share of $1.87, up from $1.68 a year earlier and in line with analysts' consensus estimate of $1.85. However, revenue of $1.76 billion fell short of expectations, rising only 1.8% year-over-year and missing analysts' estimates of $1.82 billion.
Looking ahead, AMETEK provided underwhelming guidance for the first quarter of 2025 and the full year. The company expects flat sales and adjusted EPS of $1.67-$1.69 for Q1, below analysts' consensus estimate of $1.75. For full-year 2025, AMETEK projects low single-digit revenue growth and adjusted EPS of $7.02-$7.18, missing analysts' expectations of $7.29.