Business / Investing
Add as a preferred source on GoogleAdjusted earnings were 80 cents per share, above the 73-cent consensus estimate. The company also announced a $4 billion share repurchase plan over three years.
Amphenol's third-quarter update showed revenue up 65% from a year earlier. Its shares gained 6% in early Wednesday trading, and the company raised its dividend and announced a new share repurchase plan.
Adjusted earnings reached 80 cents per share, above the 73-cent consensus estimate. Amphenol's outlook for fourth-quarter revenue and earnings was also above expectations.
The quarterly dividend was raised to 15 cents per share. The new repurchase plan is valued at $4 billion over three years.
Net income climbed to $224.3 million, while adjusted diluted earnings per share was $2.49.
Revenue was $3.7 billion for the first nine months. The remaining $87.5 million discretionary dividend payment requires shareholder approval.
Adjusted EBITDA climbed 37.8% year over year to R$3.771 billion, with North America contributing 76.4%.
