TE Connectivity (NYSE: TEL) reported Q2 EPS of $1.42, $0.14 better than the analyst estimate of $1.28. Revenue for the quarter came in at $3.41 billion versus the consensus estimate of $3.36 billion.

• Net sales of $3.4 billion, exceeding the company\'s guidance
• Diluted earnings per share (EPS) from continuing operations were $1.26, and adjusted EPS were $1.42, both exceeding the high-end of the company\'s guidance
• Cash flow from continuing operating activities was $555 million and free cash flow was $344 million, with $338 million returned to shareholders
• Orders were $3.5 billion in the quarter, 4% higher than the first quarter of 2019

"I'm proud of our execution in the second quarter where we delivered sales and earnings per share above our expectations and generated strong free cash flow, despite an expected slow market environment. Our Industrial segment grew 5 percent organically year-over-year, driven by strength in our aerospace, defense and medical businesses, and our Transportation segment's content momentum allowed us to outperform automotive production weakness," said Terrence Curtin, chief executive officer of TE Connectivity. "These results reflect the diversity of our industrial technology portfolio, multiple levers in our business model and the ability of our global teams to deliver for our customers and shareholders. As a result of strong second quarter profitability and a stable outlook for the second half of fiscal 2019, we are raising our earnings per share guidance for the full year."

GUIDANCE:

TE Connectivity sees Q3 2019 EPS of $1.41-$1.45, versus the consensus of $1.42.

TE Connectivity sees FY2019 EPS of $5.55-$5.65, versus the consensus of $5.44.

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