Amphenol up 10% on Better Than Expected Guidance

Amphenol Corporation

is trading higher on the session following this morning's earnings and guidance announcements. The company Reported Q4 EPS of $0.69 vs $0.70 estimate and revenues of $949.00 million vs $932.26 million estimate. In addition, Amphenol guided FY2011 EPS $3.23-3.34 vs $3.03 estimate and revenues of $4.05-4.15 billion vs $3.93 billion estimate. CEO R. Adam Norwitt said “We are pleased to report strong performance in a very challenging environment in the quarter with fourth quarter sales of $949 million, operating income margin of 18.5% and earnings per share of $.73. Amphenol Corporation is currently trading $53.40, a gain of $5.13 or 10.63%.