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Amphenol Corp. (APH) released a profit for its third quarter that increased from last year.


RTTNews | Oct 21, 2020 08:10AM EDT

08:10 Wednesday, October 21, 2020 (RTTNews.com) - Amphenol Corp. (APH) released a profit for its third quarter that increased from last year.

The company's bottom line came in at $346.6 million, or $1.12 per share. This compares with $280.3 million, or $0.92 per share, in last year's third quarter.

Excluding items, Amphenol Corp. reported adjusted earnings of $335.9 million or $1.09 per share for the period.

Analysts had expected the company to earn $0.87 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.5% to $2.32 billion from $2.10 billion last year.

Amphenol Corp. earnings at a glance:

-Earnings (Q3): $335.9 Mln. vs. $291.2 Mln. last year.-EPS (Q3): $1.09 vs. $0.95 last year.-Analysts Estimate: $0.87-Revenue (Q3): $2.32 Bln vs. $2.10 Bln last year.

-Guidance:Next quarter EPS guidance: $0.98 - $1.00Full year EPS guidance: $3.59 - $3.61

Read the original article on RTTNews ( https://www.rttnews.com/3137965/amphenol-corp-q3-adjusted-earnings-beat-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com All Rights Reserved






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