BERWYN, Pa. (AP) _ Ametek Inc. (AME) on Tuesday reported first-quarter net income of $272.4 million.

On a per-share basis, the Berwyn, Pennsylvania-based company said it had net income of $1.17. Earnings, adjusted for one-time gains and costs, came to $1.33 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.

The maker of electronic instruments and electromechanical devices posted revenue of $1.46 billion in the period, which matched Street forecasts.

For the current quarter ending in July, Ametek expects its per-share earnings to range from $1.27 to $1.30.

The company expects full-year earnings in the range of $5.34 to $5.44 per share.

Ametek shares have dropped 14% since the beginning of the year, while the S&P's 500 index has declined 13%. The stock has declined slightly more than 6% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AME at https://www.zacks.com/ap/AME

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