Amphenol (APH) Tops Q4 EPS by 4c

Amphenol (NYSE: APH) reported Q4 EPS of $0.86, $0.04 better than the analyst estimate of $0.82. Revenue for the quarter came in at $1.94 billion versus the consensus estimate of $1.8 billion.

“While we are pleased that the overall demand environment has improved, the global economy remains dynamic. Considering this environment and based on current currency exchange rates, we expect first quarter 2018 sales in the range of $1.780 billion to $1.820 billion and diluted EPS in the range of $0.78 to $0.80. For the full year 2018, we expect to achieve sales in the range of $7.440 billion to $7.600 billion, an increase over 2017 of 6% to 8%. We also expect diluted EPS in the range of $3.39 to $3.47, an increase of 9% to 11% compared to 2017 Adjusted Diluted EPS. As we are still evaluating the impact of the Tax Act, we currently expect an estimated benefit of at least 100 basis points on our effective tax rate going forward. Accordingly, our full year 2018 guidance reflects this approximate benefit of the Tax Act compared to the Adjusted Effective Tax Rate in 2017 of approximately 26.5%. The effective tax rate included in our guidance does not reflect any potential impact due to the finalization of the estimated one-time charge resulting from the Tax Act.”

(Street sees Q1 EPS of $0.53 on revenue of $7.1 billion)

For earnings history and earnings-related data on Amphenol (APH) click here.

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