Amphenol Corporation (APH) Releases Earnings Results, Beats Expectations By $0.04 EPS

Amphenol Corporation (APH) announced its most recent quarterly financial results on Wednesday, Oct-19-2016. APH said it had a profit of $0.73 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.69. The company posted revenue of $1635.90 million in the period, compared to analysts expectations of $1578.80 million. APH’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.

Many Wall Street Analysts have commented on Amphenol Corporation. Amphenol Corporation was Upgraded by Goldman to ” Buy” on Sep 20, 2016.

Amphenol Corporation opened for trading at $63.65 and hit $64.12 on the upside on Friday, eventually ending the session at $63.56, with a gain of 0.41% or 0.26 points. The heightened volatility saw the trading volume jump to 11,97,414 shares. Company has a market cap of $19,623 M.

In a different news, on Aug 30, 2016, Diana G Reardon (director) sold 240,000 shares at $61.69 per share price. According to the SEC, on Aug 30, 2016, Craig A Lampo (SR VP & CFO) sold 23,000 shares at $62.08 per share price. On Aug 24, 2016, Michael R. Ivas (VP and Controller) sold 15,000 shares at $61.69 per share price, according to the Form-4 filing with the securities and exchange commission.

Amphenol Corporation (Amphenol) is a designer manufacturer and marketer of electrical electronic and fiber optic connectors interconnect systems antennas sensors and sensor- based products and coaxial and specialty cable. The Company operates through two segments: Interconnect Products and Assemblies and Cable Products and Solutions. The Interconnect Products and Assemblies segment primarily designs manufacturers and markets a range of connector and connector systems value-add products and other products including antennas and sensors used in a range of applications in a diverse set of end markets. The Cable Products and Solutions segment primarily designs manufacturers and markets cable value-added products and components for use primarily in the broadband communications and information technology markets as well as certain applications in other markets.

Amphenol Corporation

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