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NEW YORK – Amphenol Company (NYSE:) shares jumped 2.75% in after-hours buying and selling Wednesday after the corporate reported third quarter outcomes that beat expectations and raised its full-year outlook.
The digital parts maker posted adjusted earnings per share of $0.50 for Q3, surpassing the analyst consensus of $0.45. Income rose 26% YoY to $4.04 billion, additionally topping estimates of $3.81 billion.
Amphenol President and CEO R. Adam Norwitt stated the corporate achieved “file gross sales and Adjusted Diluted EPS, each exceeding the excessive finish of our steering.” He famous sturdy natural progress throughout a number of finish markets, together with IT datacom, cell networks, cell units, industrial air and protection.
For the fourth quarter, Amphenol expects EPS of $0.48-$0.50 on income of $3.95-$4.05 billion. The corporate raised its full-year 2024 EPS steering to $1.82-$1.84, up from its prior outlook of $1.77.
“We stay excited by the beforehand introduced acquisition of the OWN and DAS companies from CommScope, and now anticipate that transaction to shut within the first quarter of 2025,” Norwitt added.
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