TE Connectivity announces third quarter results for fiscal year 2020
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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