Amphenol reports Q3 adj. EPS 95c, consensus 87c
Reports Q3 revenue $2.1B, consensus $1.98B. Amphenol President and CEO, R. Adam Norwitt, stated, "We are pleased to close the third quarter 2019 with both sales and Adjusted Diluted EPS exceeding the high end of our guidance, reaching $2.101 billion and 95c, respectively. Compared to the third quarter 2018, sales decreased 1% as a result of moderations in the industrial, automotive and communications-related markets, offset in part by strong growth in the military and commercial air markets as well as contributions from the company's acquisition program. We are proud that the company continues to execute well amidst a very uncertain environment, with Adjusted Operating Margins of 19.7% in the third quarter."