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 2.1%, beating estimates twice.
Currently, APH has a Zacks Rank #4 (Sell), 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 reported earnings of 65 cents, in line with the Zacks Consensus Estimate and up over 12% over the prior-year period.
Revenue: Quarterly revenues beat estimates by a whisker. APH posted revenues of $1,459.6 million, slightly ahead of the Zacks Consensus Estimate of $1,459 million.
Key Stats to Note: Amphenol is likely to perform well in the dynamic electronics marketplace due to its leading technology, increasing positions with customers in diverse markets, lean cost structure, and an experienced management team. Going forward, the company expects to continue with the momentum in its mobile devices and automotive markets, which will help drive organic growth further.
Stock Price: Shares prices remained flat in pre-market trading following the earnings beat at the time of writing.
Check back our full write up on this APH earnings report later!
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