US Stock Market Move | Q4 earnings per share exceeded expectations, Anheuser-Busch InBev (APH.US) rose over 6%, reaching a new all-time high.

On Wednesday, Amphenol (APH.US) rose more than 6%, hitting a historical high of $77.10. On the news front, Amphenol reported adjusted fourth-quarter revenue of $965.7 million, exceeding the expected $885.3 million; adjusted net income of $695.2 million, exceeding the expected $643.2 million; earnings per share calculated under GAAP of 59 cents, a 44% year-over-year increase, exceeding the expected 52 cents. Adjusted earnings per share were 55 cents, a 34% year-over-year increase, surpassing the market estimate of 51 cents. In addition, the company repurchased 2.4 million shares of common stock in the fourth quarter, spending $169 million, and paid out $199 million in dividends. The total amount of funds returned to shareholders in 2024 is expected to be close to $1.3 billion.