Stock Story -
What Happened: Shares of electronic products manufacturer AMETEK (NYSE:AME) fell 9.3% in the afternoon session after the company reported second-quarter earnings results. Its revenue unfortunately missed, and its EPS guidance for the full year fell short of Wall Street's estimates. Management called out "a slower growth environment... with customers turning more cautious leading to some short-term delays in project spending." Overall, this was a bad quarter for AMETEK.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy AMETEK? Find out by reading the original article on StockStory, it's free.
What is the market telling us: AMETEK's shares are not very volatile than the market average and over the last year have had only one move greater than 5%. In context of that, today's move is indicating the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.
AMETEK is down 3.3% since the beginning of the year, and at $157.53 per share it is trading 14.8% below its 52-week high of $184.91 from March 2024. Investors who bought $1,000 worth of AMETEK's shares 5 years ago would now be looking at an investment worth $1,784.
