24.04.2024 14:56:23 - dpa-AFX: Amphenol Sees Q2 Adj. EPS In Line Or Above Market; Plans $2 Bln Buyback; Stock Up In Pre-market

WASHINGTON (dpa-AFX) - Amphenol Corp. (APH), while reporting higher
first-quarter results, on Wednesday said it sees higher adjusted earnings in its
second quarter, in line or above market estimates.

On April 23, the Company's Board of Directors approved a new three-year, $2
billion open market stock repurchase plan.

In pre-market activity on the NYSE, Amphenol shares were gaining around 4
percent to trade at $118.74.

For the second quarter, the company expects adjusted earnings per share to be in
the range of $0.79 to $0.81, representing a 10% to 13% increase from last year.

Amphenol expects second-quarter sales to be in the range of $3.24 billion to
$3.30 billion. This represents a 6% to 8% increase over the prior year quarter.

Analysts on average expect the company to report earnings of $0.79 per share on
sales of $3.26 billion, according to figures compiled by Thomson Reuters.
Analysts' estimates typically exclude special items.

In its first quarter, Amphenol's profit increased from the same period last year
and beat the Street estimates.

The company's earnings came in at $548.7 million, or $0.87 per share. This
compares with $439.2 million, or $0.71 per share, in last year's first quarter.

Analysts expected the company to earn $0.73 per share.

The company's revenue for the quarter rose 9.8% to $3.26 billion from $2.97
billion last year.

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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
AMPHENOL CORP. A DL-,001 882749 Frankfurt 120,700 15.05.24 16:57:30 +1,540 +1,29% 120,760 121,380 118,860 119,160

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