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Shares of Ametek (AME -7.8%) slip after its Q2 fell short of Street projections this morning,...
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Tuesday, July 24, 2012, 3:00 PM ETShares of Ametek (AME -7.8%) slip after its Q2 fell short of Street projections this morning, despite a 21% Y/Y jump in net profit. Sales at the company's electronic instruments group rose 11%, while electromechanical group sales grew 6%, but it wasn't enough to meet revenue expectations. The company also boosted Q3 and FY12 revenue estimates, but both numbers still came in at the low end of expectations.
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