Why Amphenol Shares Are Rising Wednesday
Portfolio Pulse from Nabaparna Bhattacharya
Amphenol Corporation (NYSE:APH) reported Q4 FY23 sales of $3.328 billion, a 3% increase YOY, surpassing the consensus of $3.150 billion. Adjusted EPS was $0.82, beating the consensus of $0.77. The adjusted operating margin improved slightly to 21.2%. The company ended the quarter with $1.66 billion in cash. Despite a slight YOY decrease in full-year sales, growth in certain markets and acquisitions offset declines in others. Amphenol forecasts Q1 sales of $3.04 to $3.10 billion, with adjusted EPS of $0.71 to $0.73, aligning with analyst expectations. APH shares rose 4.74% to $102.58.
January 24, 2024 | 5:52 pm
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POSITIVE IMPACT
Amphenol Corporation exceeded Q4 sales and EPS estimates, reported a slight improvement in operating margin, and provided a Q1 outlook in line with analyst expectations. Shares increased by 4.74%.
The positive earnings report and the company's ability to beat consensus estimates on both sales and EPS are likely to instill investor confidence and could lead to a continued short-term positive impact on the stock price. The slight increase in the adjusted operating margin and a stable outlook for Q1 suggest operational efficiency and steady growth, which are typically viewed favorably by investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100