Amphenol Corp Expects Q4 Sales of $3.09B-$3.15B Vs $3.17B Est, Adj EPS of $0.75-$0.77 Vs $0.76 Est, FY23 Sales of $12.317B-$12.377B Vs $12.3B Est, Adj EPS of $2.94-$2.96 Vs $2.92 Est
Portfolio Pulse from Benzinga Newsdesk
Amphenol Corp has provided its Q4 and FY23 guidance, expecting a decline in sales and adjusted EPS. Q4 sales are projected to be between $3.09B and $3.15B, a 3-5% decrease from the prior year, and adjusted EPS is expected to be $0.75-$0.77, a 1-4% reduction. FY23 sales are forecasted to be $12.317B-$12.377B, a 2% decline, and adjusted EPS is expected to be $2.94-$2.96, a 1-2% decline. This guidance does not include the impact of the PCTEL acquisition, which has not yet closed.
October 25, 2023 | 12:06 pm
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NEGATIVE IMPACT
Amphenol Corp's guidance indicates a decline in Q4 and FY23 sales and adjusted EPS. The impact of the PCTEL acquisition is not included in this guidance.
The company's guidance indicates a decline in sales and adjusted EPS for Q4 and FY23, which could negatively impact investor sentiment and potentially lead to a decrease in the stock price. The uncertainty surrounding the impact of the PCTEL acquisition could also contribute to this negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100