Amphenol Corp. (APH) announced its financial performance for the third quarter on Wednesday, along with revised projections for adjusted earnings and revenue for the fourth quarter and the entire fiscal year 2024. These projections are premised on the assumption that current market conditions and exchange rates will remain constant.
For the upcoming fourth quarter, Amphenol anticipates adjusted earnings to be within the range of $0.48 to $0.50 per share, with expected sales totaling between $3.95 billion and $4.05 billion.
In comparison, analysts surveyed by Thomson Reuters forecast the company will achieve earnings of $0.47 per share, with sales reaching approximately $3.94 billion for the quarter. It is important to note that the analysts' predictions do not typically account for special items.
Looking at the full fiscal year 2024, Amphenol has projected adjusted earnings to fall between $1.82 and $1.84 per share, with expected sales ranging between $14.85 billion and $14.95 billion. In contrast, market expectations estimate earnings of $1.76 per share, with sales projected to be around $14.62 billion for the year.
