Amphenol Beats EPS Estimates By 1 Cent (APH)

Wallingford, Connecticut-based Amphenol Corporation APH released financial results on Wednesday morning that beat Wall Street estimates. Amphenol Corporation announced that its 4th quarter net income climbed to $131.1 million, or 74 cents per share, up from $87.6 million, or 50 cents per share, a year earlier. Amphenol Corporation (APH) reported revenue of $949.9 million, up from $758.3 million a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 73 cents per share, on revenue of $946.91 million. Amphenol Corporation finished the previous trading day at $52.89 per share. The consensus price target of analysts covering the company's stock is $57.00 per share. Amphenol Corporation is one of the world's leading producers of electronic and fiber optic connectors, cable and interconnect systems. Amphenol has a diversified presence as a leader in high growth segments of the interconnect market including: Military, Commercial Aerospace, Automotive, Broadband Communication, Industrial, Information Technology and Data Communications Equipment, Mobile Devices and Wireless Infrastructure. Read more from Benzinga's Company news.