TE Connectivity announces second quarter results for fiscal year 2020
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/23/2026
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
- One killed, three injured when man attacks Swedish school with sword
TE Connectivity (TEL) Tops Q2 EPS by 29c, Revenues Beat; Withdraws 3Q & FY20 Guidance
April 28, 2020 6:10 AM EDTTE Connectivity (NYSE: TEL) reported Q2 EPS of $1.29, $0.29 better than the analyst estimate of $1.00. Revenue for the quarter came in at $3.2 billion versus the consensus estimate of $2.94 billion.
Second Quarter Highlights
Net sales were $3.2 billion, in line with the company's guidance, down 6% on a reported and down 5% on an organic basis over the second quarter of 2019.Diluted earnings per share (EPS) from continuing operations were a loss of $1.35. Adjusting for one-time impairment charge, adjusted EPS were $1.29, exceeding the... More