Amphenol (APH) Lowers Guidance
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Amphenol Corporation (NYSE: APH) lowers guidance. The company now expects fourth quarter revenue and earnings per share in the range of $725 to $735 million and $.50 to $.52, respectively. The consensus is $814.8 million and $0.59, respectively.
Amphenol Chairman and CEO, Martin H. Loeffler, stated: "While demand has slowed and remains challenging to forecast, we are well positioned in our served markets to capitalize on the opportunities that are arising even in this uncertain environment. Our organization is continuing to take the actions necessary to preserve strong margins and cash flow, and will continue to proactively support our customers with leading interconnect technologies."
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