Amphenol corp reports q1 results

Q1 adjusted non-gaap earnings per share $0.71 excluding items.q1 gaap earnings per share $0.79.q1 sales $1.862 billion versus refinitiv ibes estimate of $1.83 billion.q1 earnings per share estimate $0.73 -- refinitiv ibes data.currency translation had effect of decreasing sales by about $19 million in q1 2020.q1 2020 was significantly impacted by covid-19 pandemic.at end of q1, proactively drew down $1.25 billion from existing $2.5 billion revolving credit facility.finished quarter with $2.4 billion of cash on hand.believe it is prudent to withdraw full-year sales & eps guidance, will not be providing specific outlook for coming quarter.expect sales and eps in q2 of 2020 to be lower than in q1.
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