WALLINGFORD, Conn. (AP) — WALLINGFORD, Conn. (AP) — Amphenol Corp. (APH) on Wednesday reported third-quarter profit of $2.03 billion.
On a per-share basis, the Wallingford, Connecticut-based company said it had net income of 79 cents. Earnings, adjusted for costs related to mergers and acquisitions and pretax expenses, were 80 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.
The maker of fiber-optic products posted revenue of $10.23 billion in the period.
For the current quarter ending in December, Amphenol expects its per-share earnings to range from 81 cents to 83 cents.
The company said it expects revenue in the range of $10.3 billion to $10.5 billion for the fiscal fourth quarter.
Amphenol expects full-year earnings in the range of $2.82 to $2.84 per share, with revenue ranging from $36.9 billion to $37.1 billion.
Amphenol shares have risen 19% since the beginning of the year, while the S&P's 500 index has increased 13%. The stock has climbed 20% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on APH at https://www.zacks.com/ap/APH
