Amphenol (APH) PT Raised to $72 at Stifel Following Solid 1Q
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Amphenol Corporation Reports First Quarter 2017 Results
April 26, 2017 8:00 AM EDTWALLINGFORD, Conn.--(BUSINESS WIRE)-- Amphenol Corporation (NYSE: APH) reported today diluted earnings per share (EPS) for the first quarter 2017 of $0.71 compared to $0.50 for the comparable 2016 period. Diluted EPS for the first quarter 2016 included a charge for acquisition-related transaction costs of $30 million ($0.09 per share) relating to the acquisition of FCI. Excluding the effect of this item, Adjusted Diluted EPS1 for first quarter 2016 was $0.59. Sales for the first quarter of 2017 were $1.560 billion compared to $1.451 billion for the comparable 2016 period. Currency translation had the effect of decreasing sales by approximately $18 million in the first quarter of 2017 compared to... More
