Amphenol forecasts upbeat Q4 sales, profit on strong demand for electronic equipment [Yahoo! Finance Canada]
Amphenol Corporation (APH)
Last amphenol corporation earnings: 4/22 08:00 am
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Source: Yahoo! Finance Canada
by strong demand for its sensors and connectors in the IT, data communications and defense sectors. Shares of the electronic equipment maker, which also comfortably beat third-quarter estimates, rose more than 5% in early trading. Amphenol benefited from increased spending in the information technology industry, powered by the AI boom, as its fiber optic technologies are used in cloud computing, data centers, gaming systems and networking equipment. Additionally, worldwide geopolitical tensions have caused an uptick in defense spending by countries, driving demand for Amphenol's equipment used in defense systems including engines, ground vehicles, tanks and radar systems. Last year, the defense sector made up about 11% of Amphenol's total sales, while the IT and data communications market represented roughly 19%. Wallingford, Connecticut-based Amphenol expects fourth-quarter sales to jump 19% to 22% or between $3.95 billion and $4.05 billion, while analysts polled by LSEG ex
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APH
Earnings
- 10/23/24 - Beat
APH
Sec Filings
- 11/8/24 - Form 144
- 11/8/24 - Form 4
- 11/7/24 - Form 4
- APH's page on the SEC website