Amphenol hooks up growth surprise as Q3 supply chain activity recovers

Earnings 496 Info Tech - Tech Hardware 622 Quote Watch 265 U.S. 4649

Amphenol reported 5.2% year over year revenue growth in Q3’20, outpacing the 4.2% decline expected in consensus estimates. The cable and connector manufacturer had “expected sales to be modestly lower than the second quarter, we actually realized 11% sequential growth here in the third quarter” though the firm expects “a modest decline from these third quarter sales levels”. U.S. seaborne imports linked to the firm rose by 6.2% sequentially in Q3’20 versus Q2’20, led by a surge in fiber optic cables and connectors. Total U.S. seaborne imports of coaxial and electrical cables that the fir...

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