Amphenol Q4 Adj EPS $0.82 Beats $0.77 Estimate, Sales $3.33B Beat $3.15B Estimate
Portfolio Pulse from Benzinga Newsdesk
Amphenol Corporation (NYSE:APH) exceeded analyst expectations for Q4 with an adjusted EPS of $0.82, surpassing the $0.77 estimate, and reported sales of $3.33B, beating the $3.15B estimate. This reflects a 5.13% increase in earnings and a 2.73% increase in sales compared to the same period last year.
January 24, 2024 | 1:02 pm
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Amphenol Corporation reported a strong Q4 with earnings and sales surpassing analyst estimates, indicating robust financial performance.
Amphenol's better-than-expected Q4 earnings and sales are likely to instill confidence in investors, potentially leading to a short-term increase in stock price. Positive earnings surprises often result in a bullish sentiment among investors, which can drive the stock price up.
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