Amphenol (APH) Q4 Earnings Beat, Issues Bullish View For '18
Zacks Investment Research | Jan 24, 2018 01:00AM ET
Amphenol Corporation (NYSE:APH) reported strong fourth-quarter 2017 results with healthy year-over-year increases in both earnings and revenues.
Earnings and Revenues
Quarterly adjusted earnings came in at 86 cents per share, surpassing the Zacks Consensus Estimate of 81 cents per share. Notably, the bottom line also came in higher than the year-ago tally of 75 cents per share.
Quarterly revenues came in at $1,943.9 million, beating the Zacks Consensus Estimate of $1,791 million. Further, the top line came in higher than the prior-year figure of $1,651.1 million.
For full year 2017, Amphenol recorded GAAP earnings of $650.5 million or $2.06 per share compared with 822.9 million or $2.61 per share in 2016. Excluding non-recurring items, adjusted earnings for 2017 were $3.12 per share compared with $2.72 in 2016.
Segmental Performance
Revenues of Interconnect Products and Assemblies segment came in at $1,852.6 million, up 19.1% year over year.
However, sales of Cable Products and Solutions segment were $91.3 million, down 4.7% year over year.
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