Explore Amphenol's (APH) international revenue trends and how these numbers impact Wall Street's forecasts and what's ahead for the stock.
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Amphenol's third-quarter 2024 Communications Solutions sales increase year over year, driven by strong sales in the defense end-market.
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Amphenol Corporation APH reported better-than-expected earnings for its fiscal third quarter on Wednesday.
Amphenol Corporation (NYSE:APH ) Q3 2024 Earnings Conference Call October 23, 2024 1:00 PM ET Company Participants Craig Lampo - Chief Financial Officer Adam Norwitt - Chief Executive Officer Conference Call Participants Andrew Buscaglia - BNP Luke Junk - Baird Amit Daryanani - Evercore Samik Chatterjee - JPMorgan Asiya Merchant - Citi Joe Spak - UBS Mark Delaney - Goldman Sachs Guy Hardwick - Freedom Capital Markets Steven Fox - Fox Advisors Scott Graham - Seaport Research Partners Wamsi Mohan - Bank of America Joe Giordano - TD Cowen Operator Hello, and welcome to the third quarter earnings conference call for Amphenol Corporation. Following today's presentation, there will be a formal question-and-answer session.
Amphenol's Q3 results benefit from higher revenues across the IT datacom, defense, commercial air, and mobile devices.
While the top- and bottom-line numbers for Amphenol (APH) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Amphenol (APH) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.39 per share a year ago.
Amphenol projected fourth-quarter sales and profit above Wall Street estimates on Wednesday, boosted by strong demand for its sensors and connectors in the IT, data communications and defense sectors.
APH's third-quarter 2024 results are likely to benefit from acquisitions and a robust order backlog despite weakness in wireless spending.