TE Connectivity Q1 Adj EPS $1.84 Beats $1.71 Estimate, Sales $3.83B Miss $3.86B Estimate
Portfolio Pulse from Benzinga Newsdesk
TE Connectivity (NYSE:TEL) reported Q1 adjusted EPS of $1.84, surpassing the $1.71 estimate, a 20.26% increase from last year. However, sales of $3.83B fell short of the $3.86B estimate, marking a slight 0.26% decrease from the previous year.
January 24, 2024 | 11:02 am
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TE Connectivity reported higher-than-expected Q1 EPS at $1.84, but sales slightly missed estimates at $3.83B, indicating mixed financial performance.
The EPS beat may have a positive impact on investor sentiment, reflecting strong profitability. However, the slight miss in sales could temper the market's reaction, leading to a neutral short-term impact on the stock price.
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