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Add as a preferred source on GoogleAmphenol Shares Rise 6% as Revenue Jumps 65% in Third Quarter
Adjusted earnings reached 80 cents per share, topping the 73-cent consensus estimate. Fourth-quarter revenue and earnings guidance also exceeded expectations.
Amphenol shares gained 6% in early Wednesday trading after the company posted a 65% year-over-year revenue increase for the quarter ended Sept. 30. Its fourth-quarter revenue and earnings guidance also came in above consensus estimates.
Adjusted earnings reached 80 cents per share, exceeding the 73-cent consensus estimate.
Amphenol raised its quarterly dividend to 15 cents per share and announced a share buyback program valued at $4 billion over three years.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.