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TE Connectivity Fiscal Q2 Adjusted Earnings Up, Net Sales Fall
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TE Connectivity Fiscal Q2 Adjusted Earnings Up, Net Sales Fall
Apr 24, 2024 4:50 AM

07:27 AM EDT, 04/24/2024 (MT Newswires) -- TE Connectivity ( TEL ) reported fiscal Q2 adjusted earnings Wednesday of $1.86 per diluted share, up from $1.65 a year earlier.

Analysts polled by Capital IQ expected $1.83.

Net sales from the quarter ended March 29 were $3.97 billion, down from $4.16 billion a year earlier.

Analysts surveyed by Capital IQ expected $3.96 billion.

For fiscal Q3, the company said it expects adjusted diluted EPS of $1.85 on net sales of about $4.0 billion. Analysts polled by Capital IQ are expecting $1.93 on sales of $4.12 billion.

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