Amphenol Reports Lower 1Q Profit

Stock quotes in this article: APH  

"While these first quarter results have certainly been impacted by the global economic slowdown, our performance continues to show the benefits of the company's diversity and the strength of its technology," Amphenol President and Chief Executive Officer R. Adam Norwitt said in a statement.

Amphenol said it anticipates a continuation of moderate demand in the second quarter.

Shares of Amphenol rose $2.23, or 7.8 percent, to $31.01 in morning trading.

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