TE Connectivity announces third quarter results for fiscal year 2020
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/24/2026
- S&P 500, Nasdaq slip as Iran tensions test markets in high-stakes week
- Oil falls ahead of US announcement of new sanctions on Iran
- 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
- Wattmore and Eos Energy strike non-exclusive storage software deal
- S&P 500, Nasdaq slip as Iran tensions test markets in high-stakes week
- RUM Group signs $13.7 billion GPU services deal, issues warrants
- XPeng Inc. (XPEV) Misses Q2 EPS by 100c ; Provides Outlook
- Hungarian Gripen jet crashes, no injuries reported, PM Magyar says
TE Connectivity (TEL) Tops Q3 EPS by 19c, Revenues Beat
July 29, 2020 6:14 AM EDTTE Connectivity (NYSE: TEL) reported Q3 EPS of $0.59, $0.19 better than the analyst estimate of $0.40. Revenue for the quarter came in at $2.55 billion versus the consensus estimate of $2.4 billion.
Third Quarter Highlights
Net sales were $2.5 billion, down 20% sequentially on a reported basis and ahead of the 25% decline the company expected.Diluted earnings per share (EPS) from continuing operations were a loss of $0.18. Adjusted EPS were $0.59, exceeding the company's... More