TE Connectivity announces fourth quarter and full year results for fiscal year 2019
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TE Connectivity (TEL) Tops Q4 EPS by 2c, Revenues Beat; Offers Q1 & FY20 EPS/Revenue Guidance Below Consensus
October 30, 2019 6:07 AM EDTTE Connectivity (NYSE: TEL) reported Q4 EPS of $1.33, $0.02 better than the analyst estimate of $1.31. Revenue for the quarter came in at $3.3 billion versus the consensus estimate of $3.27 billion.
Fourth Quarter Highlights
Net sales were $3.3 billion, down 6% as reported and 5% organically over the fourth quarter of 2018.Diluted earnings per share (EPS) from continuing operating operations were $1.11, and adjusted EPS were $1.33, both exceeding the mid-point of the company\'s guidance.Cash flow from continuing operating activities was $879 million and free cash flow was $688 million, with $332 million... More