Market Overview

Record Results Reported by Amphenol Corporation; EPS $.78

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Amphenol Corporation (NYSE: APH) reported today third quarter 2010 diluted earnings per share of $.78 compared to $.47 per share for the comparable 2009 period. Such per share amount for the 2010 quarter includes an $8 million, or $.05 per share, net benefit relating to a reduction in tax expense due primarily to the favorable settlement of certain international tax positions and the completion of prior year audits.

Excluding this effect, diluted earnings per share was $.73. Sales for the third quarter 2010 were $948.5 million compared to $716.6 million for the 2009 period. Currency translation had the effect of decreasing sales by approximately 1% or $7 million in the third quarter 2010 compared to the 2009 period.

Posted-In: Earnings News

 

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