Amphenol CEO Credits 26% Sales Boost To IT, Mobile Networks, Acquisitions: 'We Again Realized Strong Profitability'
Portfolio Pulse from Anusuya Lahiri
Amphenol Corporation reported a 26% increase in Q3 2024 sales, surpassing analyst expectations. The growth was driven by IT, mobile networks, and acquisitions. The company also reported strong profitability with an adjusted operating margin of 21.9%. Amphenol's outlook for Q4 and fiscal 2024 also exceeds analyst expectations.
October 23, 2024 | 2:31 pm
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Amphenol's Q3 2024 results exceeded expectations with a 26% sales increase and strong profitability. The company's outlook for Q4 and fiscal 2024 also surpasses analyst estimates, indicating continued growth.
Amphenol's strong Q3 performance, driven by IT and mobile networks, along with a positive outlook for Q4 and fiscal 2024, suggests a likely positive impact on the stock price. The company's ability to exceed analyst expectations in both sales and EPS further supports this view.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100