Baxter and Amphenol’s Earnings

We had two earnings reports this morning from our Buy List stocks, and so far, the results seem to be canceling each other out. Amphenol’s loss is wiping out Baxter’s gain.
Amphenol (APH) reported earnings of 43 cents a share which beat the Street by a penny a share. In April, APH said to expect earnings between 41 cents and 43 cents a share, so this isn’t much of a surprise. But it’s a big drop from the 61 cents a share they made last year.
The company sees Q3 earnings coming in—same as Q2—between 41 cents and 43 cents a share, which is below the Street’s view of 44 cents. Amphenol is a good stock but not a great buy right now.
Baxter International (BAX) earned 96 cents a share which was two cents more than expectations, and one penny more than the high end of the range they provided in April. For Q3, they said to expect earnings between 95 cents and 97 cents a share (btw, I like companies with that kind of precise guidance). Last year’s Q2 came in at 85 cents a share.
They slightly raised their full-year EPS guidance to a range of $3.76 to $3.80 from the previous range of $3.72 to $3.78. They had also raised guidance in April as well, so this is good to see.
I like this stock but I’d like it more at $45.

Posted by on July 16th, 2009 at 11:25 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.