On May 9, Zacks Investment Research updated the research report on diversified electronics manufacturer Amphenol Corporation APH.Amphenol reported strong first-quarter 2016 results with healthy year-over-year increases in both adjusted earnings and revenues. Adjusted earnings for the reported quarter were 59 cents per share, which exceeded the Zacks Consensus Estimate and the year-ago tally by 3 cents and 2 cents, respectively, primarily driven by higher revenues.Impressive adjusted earnings growth in the quarter was primarily attributable to Amphenol’s technology leadership and market and geographic diversification. It further reflected the company’s balanced organic and inorganic growth model. This was achieved on the back of a flexible cost structure, higher demand across almost all the end markets, diligent execution of operational plans and an agile and entrepreneurial management team.The company recorded revenues of $1,451.2 million, up 9.3% year over year and well ahead of the Zacks Consensus Estimate of $1,401 million. The improved revenue performance was mostly driven by strength in the automotive, mobile networks, data communications and industrial markets, partially offset by declines in the mobile devices and military markets.Amphenol remains well positioned to capitalize on the proliferation of electronics content on next- generation planes. These advanced electronic systems require higher technology interconnect solutions to enhance fuel efficiency and improve passenger experience, all of which creates excellent opportunities for Amphenol.Despite the uncertainties prevailing in the global economy, Amphenol also has bullish revenue and earnings expectations for the near future. The company anticipates second-quarter 2016 sales in the range of $1.495 billion to $1.535 billion, representing a year-over-year increase of 11% to 14%. Adjusted earnings are anticipated to be in the range of 62 cents to 64 cents per share, representing a year-over-year increase of 7% to 10%. For full year 2016, the company currently anticipates sales in the range of $6.080 billion to $6.200 billion, representing a year-over-year increase of 9% to 11%. The company anticipates adjusted EPS for 2016 in the range of $2.56 to $2.62, an increase of 5% to 8% year over year, including accretive effect from the FCI acquisition.We remain impressed with the strong quarterly results and a bullish outlook of this Zacks Rank #2 (Buy) stock. Some other better-ranked stocks that look promising include BWX Technologies, Inc. BWXT, Stoneridge Inc. SRI, both carrying the same Zacks Rank as Amphenol and Fabrinet FN, sporting a Zacks Rank #1 (Strong Buy). Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report STONERIDGE INC (SRI): Free Stock Analysis Report FABRINET (FN): Free Stock Analysis Report AMPHENOL CORP-A (APH): Free Stock Analysis Report BWX TECHNOLGS (BWXT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research