Amphenol Q2 Adj EPS $0.72 Beats $0.68 Estimate, Sales $3.05B Beat $2.95B Estimate
Portfolio Pulse from Benzinga Newsdesk
Amphenol (NYSE:APH) reported Q2 earnings of $0.72 per share, beating the analyst consensus estimate of $0.68 by 5.88%. However, this is a 4% decrease from the same period last year. The company also reported quarterly sales of $3.05 billion, beating the estimate of $2.95 billion by 3.53%, but this is a 2.65% decrease from last year.
July 26, 2023 | 12:01 pm
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NEUTRAL IMPACT
Amphenol's Q2 earnings and sales beat estimates but are lower than the same period last year. This mixed result could lead to uncertain market reactions.
While Amphenol beat estimates for both earnings and sales, the fact that these figures are lower than the same period last year could lead to mixed market reactions. Investors may be pleased with the beat but concerned about the year-on-year decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100