Amphenol Corporation (NYSE:APH) shares decline by 9.72%


Dallas, Texas 07/19/2013 (Financialstrend) – Amphenol Corporation (NYSE:APH) announced that second quarter 2013 diluted earnings per share was at $0.95 which was higher compared to the EPS at $0.86 per share for the comparable 2012 period. Sales for the second quarter 2013 were at $1.136 billion which was compared to $1.061 billion for the 2012 period. The sales had increased by $2.1 million in the second quarter 2013. In addition, the Company’s Board of Directors has reported an increase in the quarterly dividend from $0.105 per share to $0.20 per share to be paid on October 2, 2013 to holders on record of the Company’s stock as of September 11, 2013.

R. Adam Norwitt, the Chief Executive Officer told that the second quarter sales were strong at 7% higher than that recorded in the comparable 2012 quarter and 5% increase sequentially. The sales growth was attributed to increased sales in several markets such as commercial aerospace, automotive, mobile networks and broadband markets and information technology. Further the company’s diversified product portfolio and technology leadership also add to the advantages. The company’s unique entrepreneurial culture leads to profitability, resulting in an increase in the operating profit margin.

Shares of Amphenol Corporation (NYSE:APH) had moved on to decline 9.72% on Thursday and thereby closed at $76.35 per share for the day. The company had recorded intraday price fluctuations moving from as low as $76.00 to as high as $79.00 on the day. The 52 week low for the stock is at $55.85 and 52 week high is at $85.66 per share.

The company holds 159.82 million shares and 101% of institutional ownership with a market cap of $12.20 billion. On Thursday, there had been a trading volume of 3.22 million shares of the company while the average is at 649,899 shares per day.