Amphenol Says Current Economic Environment Remains Uncertain; Expects Q2 Sales Of $3.24B-$3.30B (Est $3.262B), Adjusted EPS Of $0.79-$0.81 (Est $0.79)
Portfolio Pulse from Benzinga Newsdesk
Amphenol anticipates Q2 sales to range between $3.24B-$3.30B, closely aligning with the estimated $3.262B. The company also forecasts an adjusted EPS of $0.79-$0.81, matching the estimated $0.79, amidst ongoing economic uncertainties.
April 24, 2024 | 12:05 pm
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Amphenol forecasts Q2 sales of $3.24B-$3.30B and an adjusted EPS of $0.79-$0.81, aligning with market estimates despite economic uncertainties.
Amphenol's Q2 sales and EPS forecasts are in line with analyst estimates, indicating stability in its financial outlook despite acknowledging an uncertain economic environment. This alignment with expectations suggests a neutral short-term impact on APH's stock price, as the market may have already priced in these projections.
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RELEVANCE 100