Amphenol stock price slides 11% after record results; investors wait on CCS details
Amphenol shares fell 11% to $147.69 Wednesday despite reporting record Q4 sales of $6.4 billion and raising its Q1 outlook. The stock dropped $18.56 from its prior close, with 16.4 million shares traded. Investors focused on margins and IT datacom demand as the company integrates its CommScope CCS acquisition. Executives will address questions at a 1 p.m. ET call.