TE Connectivity announces first quarter results for fiscal year 2020
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/2/2026
- Wall St set to snap three-day streak of losses despite Middle East clashes
- Oil rises, as US-Iran strikes risk limiting already impaired supplies
- Dell again lifts annual forecasts as AI demand powers record results
- Could Apple’s foldable iPhone be a $14B opportunity? Morgan Stanley weighs in
- Uber stock gains 2% as tech giant cuts 3,300 jobs in major restructuring
TE Connectivity (TEL) Tops Q1 EPS by 7c; Provides FY20 EPS/Revenue Guidance
January 29, 2020 6:09 AM ESTTE Connectivity (NYSE: TEL) reported Q1 EPS of $1.21, $0.07 better than the analyst estimate of $1.14. Revenue for the quarter came in at $3.2 billion versus the consensus estimate of $3.12 billion.
First Quarter Highlights
Net sales were $3.2 billion, down 5% on a reported and organic basis over the first quarter of 2019.Diluted earnings per share (EPS) from continuing operations were $0.07, below the company's GAAP guidance due to a non-cash charge from Swiss tax reform. Adjusted EPS were $1.21, exceeding the high end of the company's guidance.Cash flow from continuing operating activities was $411 million and free... More