WALLINGFORD, Conn. (AP) _ Amphenol Corp. (APH) on Wednesday reported second-quarter profit of $472.5 million.
The Wallingford, Connecticut-based company said it had net income of 76 cents per share. Earnings, adjusted for non-recurring gains, came to 75 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.
The maker of fiber-optic products posted revenue of $3.14 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $2.93 billion.
For the current quarter ending in October, Amphenol expects its per-share earnings to range from 73 cents to 75 cents.
The company said it expects revenue in the range of $3.04 billion to $3.1 billion for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $3.03 billion.
Amphenol shares have dropped 21% since the beginning of the year, while the S&P's 500 index has fallen 18%. The stock has decreased almost 2% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on APH at https://www.zacks.com/ap/APH
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