logo
Share SHARE
FONT-SIZE Plus   Neg

Amphenol Posts Q1 Profit Of $126.56 Mln - Quick Facts

Amphenol Corp. (APH) reported net income attributable to the company of $126.56 million or $0.77 per share for the first quarter compared to $127.96 million or $0.72 per share reported a year earlier.

Net sales for the three-month period advanced to $981.6 million from $940.59 milion in the prior year. The company noted that currency translation had the effect of decreasing sales by around $4 million in the first quarter of 2012 compared to the 2011 period.

Analysts polled by Thomson Reuters expected the company to earn $0.76 per share on revenues of $972.14 million for the quarter. Analysts' estimates typically exclude special items.

Amphenol president and chief executive officer, Adam Norwitt, stated, "We expect Q2 2012 revenues in the range of $1.040 billion to $1.055 billion and diluted EPS in the range of $.82 to $.85. For the year 2012, we now expect to achieve revenues and diluted EPS in the range of $4.105 billion to $4.190 billion and $3.30 to $3.38, respectively, an increase of 4% to 6% and 8% to 11% over 2011 revenues and diluted EPS (excluding 2011 one-time items), respectively. This compares to prior full year 2012 guidance for revenues and diluted EPS in the range of $4.050 billion to $4.150 billion and $3.23 to $3.34, respectively."

Analysts expect the company to earn $0.83 per share on revenues of $1.03 billion for the second quarter.

Also, analysts expect the company to report earnings of $3.33 per share on revenues of $4.16 billion for the year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The Justice Department has initiated a probe to find out if airlines are colluding to limit seating capacity in order to benefit from higher airfares. Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud has pledged to give away his entire wealth amounting to $32 billion for charity. He said the fund will be utilized for cultural understanding, develop communities, empower women, enable youth, provide vital disaster relief and create a more tolerant and accepting world. Toyota accepted the resignation of its Chief Communications Officer Julie Hamp, following her arrest in Japan for allegedly mailing banned painkillers to her address in Japan from U.S.
comments powered by Disqus
RELATED NEWS
Trade APH now with 
Follow RTT