Amphenol Corporation (APH - Free Report) designs and manufactures connectors and interconnecting systems that are used to transmit electrical and optical signals for a wide range of sophisticated electronic applications. The top-line growth of the company is expected to benefit from improved end-market demand, new product rollouts and market share gains.
However, bulk of APH’s revenues comes from sales to the communications industry, demand for which is subject to rapid technological change. As the extent of competition is increasing over time, investors have been eagerly awaiting for the company’s latest earnings report. In the last four trailing quarters, APH has reported a positive average earnings surprise of 5.7%, beating estimates on all occasions.
Currently, APH has a Zacks Rank #2 (Buy), but that could definitely change following the second-quarter 2017 earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: APH beats on earnings. APH reported adjusted earnings of 81 cents per share, which exceeded the Zacks Consensus Estimate and the year-ago tally by 9 cents and 16 cents, respectively.
Revenues: Quarterly revenues beat estimates. APH recorded revenues of $1,666.5 million, well ahead of the Zacks Consensus Estimate of $1,604 million.
Key Stats to Note: APH is likely to perform well in the dynamic electronics marketplace due to its leading technology, higher demand across almost all the end markets, lean cost structure, diligent execution of operational plans and an experienced management team. APH has increased its earlier guidance for full year 2017. The company currently expects sales in the range of $6.620–$6.700 billion, representing a year-over-year increase of 5–7%, and adjusted EPS in the range of $3.06–$3.10, an increase of 13–14% over 2016 adjusted EPS.
Stock Price: Shares prices did not show any movement in pre-market trading at the time of writing.
Check back our full write up on this APH earnings report later!
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