TE Connectivity (TEL) Tops Q2 EPS by 3c, Beats on Revenue; Offers Q3 Guidance

TE Connectivity (NYSE: TEL) reported Q2 EPS of $1.86, $0.03 better than the analyst estimate of $1.83. Revenue for the quarter came in at $3.97 billion versus the consensus estimate of $3.96 billion.

For the third quarter of fiscal 2024, the company expects net sales of approximately $4.0 billion. GAAP EPS from continuing operations are expected to be approximately $1.71, up 2% year over year, with adjusted EPS of approximately $1.85, up 5% year over year. Third quarter guidance includes a $0.15 year-over-year headwind from tax and currency exchange rates.

For earnings history and earnings-related data on TE Connectivity (TEL) click here.

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