Reports Q2 revenue $4.14B, consensus $3.97B. Orders were $4.25B, up 6%. “Our teams delivered strong operational performance that led to record adjusted EPS and results that exceeded our guidance on both sales and earnings,” said TE Connectivity (TEL) CEO Terrence Curtin. “Our Transportation segment continued to execute well, capitalizing on our leading position in Asia and maintaining strong margin performance. Our Industrial segment expanded its operating margin on sales growth of 17%, driven by broad business growth and ongoing momentum in AI, aerospace and energy applications.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TEL:
- TEL Upcoming Earnings Report: What to Expect?
- TE Connectivity price target lowered to $160 from $170 at BofA
- TE Connectivity price target lowered to $146 from $169 at JPMorgan
- TE Connectivity price target lowered to $147 from $150 at Baird
- TE Connectivity price target lowered to $142 from $165 at Citi