Amphenol Q1 Adjusted Earnings, Net Sales Rise; Q2 Guidance Issued

MT Newswires Live
04/23

Amphenol (APH) reported Q1 adjusted earnings Wednesday of $0.63 per diluted share, up from $0.40 a year earlier.

Analysts polled by FactSet expected $0.52.

Net sales for the quarter ended March 31 were $4.81 billion, up from $3.26 billion a year earlier.

Analysts surveyed by FactSet expected $4.3 billion.

The company said it expects Q2 adjusted diluted EPS of $0.64 to $0.66 on sales of $4.9 billion to $5 billion. Analysts surveyed by FactSet expect $0.56 and $4.57 billion, respectively.

The company's shares were up more than 11% in premarket activity Wednesday.

Price: 73.50, Change: +7.75, Percent Change: +11.79

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