TE Connectivity announces fourth quarter and full year results for fiscal year 2020
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TE Connectivity (TEL) Tops Q4 EPS by 32c, Revenues Beat; Offers 1Q21 EPS/Revenue Guidance Above Consensus
October 28, 2020 6:11 AM EDTTE Connectivity (NYSE: TEL) reported Q4 EPS of $1.16, $0.32 better than the analyst estimate of $0.84. Revenue for the quarter came in at $3.26 billion versus the consensus estimate of $2.87 billion.
Fourth Quarter Highlights
Net sales were $3.26 billion, up 28% sequentially on a reported basis compared to the 10% increase the company expected. Sales were down 1% on a reported basis and down 4% on an organic basis year over year.Growth in all segments sequentially, with Transportation segment up 49%, driven by Auto business.GAAP earnings per share (EPS) from continuing... More