Reported about 6 hours ago
Amphenol is projecting fourth-quarter results exceeding Wall Street expectations, fueled by robust demand for cables, sensors, and antennas, driving a 9% increase in share price. The company reported $6.2 billion in third-quarter sales, significantly surpassing analyst estimates. Its communications segment saw a 96% year-over-year growth, while Amphenol anticipates current-quarter revenues between $6.0 billion and $6.1 billion, alongside an adjusted EPS forecast of 89 to 91 cents. Additionally, the company announced a 52% increase in its quarterly dividend.
Source: YAHOO