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Amphenol Expects Moderate Demand In 2Q

Stock quotes in this article: APH  

WALLINGFORD, Conn. (AP) — Amphenol Corp., which makes electronic and fiber optic connectors, said Thursday it expects second-quarter earnings per share that meet Wall Street expectations and revenue that's slightly lower than expected.

The company said it expects earnings per share of 41 cents to 43 cents per share on revenue of $660 million to $675 million. Analysts surveyed by Thomson Reuters, on average, expect the company to earn 42 cents per share on revenue of $675.1 million.

"While economic conditions remain uncertain, we anticipate a continuation of moderate demand" in the second quarter, the company said. ...

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