Amphenol Corporation (APH) designs and manufactures connectors and interconnecting systems that are used to transmit electrical and optical signals for a wide range of sophisticated electronic applications. The top-line growth of the company is expected to benefit from improved end-market demand, new product rollouts and market share gains.
However, bulk of APH’s revenues comes from sales to the communications industry, demand for which is subject to rapid technological change. As the extent of competition is increasing over time, investors have been eagerly awaiting for the company’s latest earnings report. In the last four trailing quarters, APH has reported a positive average earnings surprise of 5.01%.
Currently, APH has a Zacks Rank #3 (Hold), but that could definitely change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: APH beat on earnings. Our consensus called for EPS of $0.59 and the company reported EPS of $0.63
Revenue: Revenues Beat. APH posted revenues of $1426.5 million, compared to our consensus estimate of $1373.0 million.
Key Stats to Note: APH is bullish about the acquisition of Goldstar Electric Systems Co., Ltd. which is likely to be accretive for the company and enhance its presence in the industrial market in China. The ongoing revolution in electronics further enables the company to capitalize on these opportunities and strengthen its position in the market.
Check back our full write up on this APH earnings report later
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment