Amphenol Corp. (APH: Quote) 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
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