TE Connectivity Q4 Adj EPS $1.78 Beats $1.76 Estimate, Sales $4.04B Beat $4.01B Estimate
Portfolio Pulse from Benzinga Newsdesk
TE Connectivity (NYSE:TEL) reported Q4 earnings of $1.78 per share, beating the analyst consensus estimate of $1.76 by 1.14 percent. However, this is a 5.32 percent decrease from the same period last year. The company also reported quarterly sales of $4.04 billion, beating the analyst consensus estimate of $4.01 billion by 0.62 percent, but this is a 7.43 percent decrease from the same period last year.
November 01, 2023 | 10:08 am
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TE Connectivity's Q4 earnings and sales beat estimates, but both showed decreases from the same period last year.
While TE Connectivity beat Q4 estimates, the year-on-year decreases in both earnings and sales could potentially offset any positive impact from beating estimates. This mixed result makes the short term price direction uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100