TE Connectivity (TEL) PT Raised to $97 at Morgan Stanley
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TE Connectivity (TEL) Tops Q4 EPS by 9c, Beats on Revenues; Offers 1Q & FY18 EPS/Revenue Outlook Above Consensus
November 1, 2017 6:05 AM EDTTE Connectivity (NYSE: TEL) reported Q4 EPS of $1.25, $0.09 better than the analyst estimate of $1.16. Revenue for the quarter came in at $3.5 billion versus the consensus estimate of $3.28 billion.
2018 Outlook
For the fiscal first quarter of 2018, the company expects net sales of $3.35 billion to $3.45 billion, reflecting an increase of 10 percent on an actual basis and 5 percent on an organic basis year over year at the mid-point. Diluted EPS from continuing operations are expected to be $1.12 to $1.16, including net restructuring,... More
