Amphenol Beats Expected Earnings and Raises Guidance

Eddy Elfenbein submits: Yesterday morning, Amphenol Corp. (APH) reported earnings of 46 cents a share, one penny more than expectations. Net income rose 58% over last year. Sales rose 14% to $688.8 million, which was also above expectations.

The company boosted its full-year EPS guidance to $1.79 to $1.83, up from earlier guidance of $1.75 to $1.80. APH also expects full-year sales in the range of $2.71 billion to $2.75 billion, up from its previous range of $2.67 billion to $2.72 billion.

For this quarter, the company is expecting EPS of 44 to 46 cents. The Street is expecting 45 cents.

The stock was currently down yesterday, but it's really giving back its gain from Tuesday.

APH 1-yr chart: