Amphenol Shares Rise 6% as Revenue Jumps 65% in Third Quarter
Photo: TokenPost
Amphenol shares gained 6% in early Wednesday trading after the company posted a 65% year-over-year revenue increase for the quarter ended Sept. 30. Its fourth-quarter revenue and earnings guidance also came in above consensus estimates. Adjusted earnings reached 80 cents per share, exceeding the 73-cent consensus estimate. Amphenol raised its quarterly dividend to 15 cents per share and announced a share buyback program valued at $4 billion over three years. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
