Amphenol (APH) Beats Q1 Earnings, Revenues Surge Y/Y
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.
In the last four quarters, Amphenol has reported a positive average earnings surprise of 9.41%, beating estimates on all occasions.
Zacks Rank: Currently, Amphenol has a Zacks Rank #4 (Sell) but that could change following its first-quarter 2018 earnings report which has just released.
We have highlighted some of the key details from the just-released announcement below:
Earnings: Amphenol’s adjusted earnings came in at 83 cents per share, which beat the Zacks Consensus Estimate by three cents.
Revenues: Revenues of $1.87 billion beat the Zacks Consensus Estimate of $1.80 billion and increased 19.7% on a year-over-year basis.
Key Stats: Adjusted operating income increased 20% year over year to $376.9 million.
Stock Price: Shares price did not show any movement in the pre-market trading session.
Check back later for our full write up on this Amphenol earnings report later!
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