TE Connectivity (TEL) Misses Q2 EPS by 10c; Issues Weak FY15 Outlook

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Go back to TE Connectivity (TEL) Misses Q2 EPS by 10c; Issues Weak FY15 Outlook

TE Connectivity Posts Strong Fiscal 2015 Second Quarter Earnings

April 22, 2015 6:00 AM EDT

SCHAFFHAUSEN, Switzerland, April 22, 2015 /PRNewswire/ -- TE Connectivity Ltd. (NYSE: TEL) today reported results for the fiscal second quarter ended March 27, 2015. On January 28, 2015, TE announced the sale of its Broadband Network Solutions (BNS) business. The financial results of the BNS business have been classified as discontinued operations. TE's ongoing business, results and guidance are included below and classified as continuing operations.

Second Quarter Highlights

Net sales increased to $3.1 billion, up 4 percent versus the prior year and up 6... More