Ametek Delivers Earnings Growth in First Quarter

Ametek AME delivered first-quarter earnings of $0.51 per diluted share, an 11% increase versus the first quarter of 2012. While operating margin performance was ahead of pace to meet our full-year expectation, revenue growth, including acquisitions, of 7% was a bit weaker than we anticipated. Management increased the bottom end of its full-year EPS guidance…

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News on Bitcoins: Wikipedia Raises $140,000 in One Week Through Bitcoins

The Wikimedia Foundation, the non-profit that owns and curates noted online encyclopedia Wikipedia, has received more than $140,000 in bitcoin donations since it began accepting contributions in the digital currency last week. The news follows the announcement of the organization’s partnership with California-based payments processor Coinbase to accept bitcoin on 30th July, a development that…

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American Electric Power Posts Flat First-Quarter Earnings

American Electric Power AEP reported $0.80 ongoing EPS for the first quarter of 2013, flat from the year-ago quarter. Management reaffirmed ongoing 2013 EPS guidance of $3.05 to $3.25. The company recently announced a $0.49 quarterly dividend, a 4.3% increase and in line with the previously announced increased targeted dividend payout ratio of 60% to…

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