Amphenol shares leap 4% on sturdy This fall outcomes, upbeat steerage

NEW YORK – Amphenol Company (NYSE:APH) shares jumped 4.10% in after-hours buying and selling on Wednesday after the electronics element maker reported fourth quarter outcomes that beat analyst expectations and supplied an optimistic outlook for the primary quarter.

The Connecticut-based firm posted adjusted earnings per share of $0.55 for This fall 2024, surpassing the analyst consensus of $0.50. Income climbed 30% year-over-year to $4.32 billion, effectively above estimates of $4.05 billion.

Amphenol noticed sturdy natural progress of 20% within the quarter, pushed by power throughout a number of finish markets together with IT datacom, cell networks, business air, cell units, broadband and protection.

“We’re happy to have closed 2024 with report fourth quarter gross sales and Adjusted Diluted EPS, each exceeding the excessive finish of our steerage,” stated Amphenol President and CEO R. Adam Norwitt.

Trying forward, the corporate forecast Q1 2025 income between $4.00 billion and $4.10 billion, representing 23-26% progress over the prior yr interval. Adjusted EPS is predicted to be $0.49-$0.51, above the $0.48 consensus.

Amphenol’s sturdy outcomes and steerage recommend continued momentum in electronics demand throughout its numerous finish markets. The corporate’s skill to outperform expectations regardless of macroeconomic uncertainties highlights its aggressive positioning and execution.

This text was generated with the assist of AI and reviewed by an editor. For extra info see our T&C.