logo
Plus   Neg
Share
Email

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 RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
In a move likely to further inflame global trade tensions, President Donald Trump has threatened to impose a 20 percent tariff on all cars imported to the U.S. from the European Union. Trump claimed he would impose the new tariffs unless the EU removes tariffs and trade barriers placed on the U.S. The Federal Reserve has determined that the largest U.S. banks are strongly capitalized and would be able to lend to banks as well as households during a severe global economic recession. This is the fourth straight year that all banks have met the Federal Reserve's standards. The first round of results of the supervisory stress tests were released by the central bank on Thursday. The "safety" driver behind the wheel of a self-driving Uber was streaming a television show on her smartphone up until about the time of a fatal crash in March, according to a report from the Tempe Police Department. Uber's self-driving Volvo SUV, which was traveling at under 44 miles per hour, had struck and killed a pedestrian in Arizona on March 18.
Follow RTT