- Amphenol Corporation (APH) rises 6.93% on the day, reaching a new all-time high at $78.00.
- The company reported revenue of $4.3 billion, exceeding market expectations.
Amphenol Corporation (APH) shares hit a daily low of $73.22, where it attracted buyers who drove the share price to a new all-time high of $78.00. Currently, APH is trading at $77.75, gaining 6.93% daily.
Amphenol Corporation Stock Beats Analysts’ Estimates for the 9th Consecutive Time
The company specialized in manufacturing and marketing electrical systems, Amphenol Corporation (APH), presents a gain of 6.93% today, registering a new all-time high at $78.00. The rebound in its share price follows the publication of its earnings report, reporting revenues of $4.3 billion, exceeding the $4.05 billion projected by the market.
Likewise, the company achieved earnings per share of $0.55, beating market expectations of $0.55. Following these results, APH has exceeded market estimates in its last nine quarterly reports.
Amphenol Corporation Technical Levels
APH stock established short-term support given by the January 17 low at $68.49. The next key support level is at $67.40, the January 13 low. To the upside, we project the $85.00 area as short-term resistance, in convergence with the 161.8% Fibonacci extension.
APH 2-hour chart
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
