TE Connectivity Ltd Expects Q2 Net Sales of $3.95B Vs $3.995B Est, Adj EPS of $1.82 Vs $1.78 Est
Portfolio Pulse from Benzinga Newsdesk
TE Connectivity Ltd (TEL) has provided guidance for Q2 of fiscal 2024, expecting net sales of about $3.95 billion, which is slightly below the estimated $3.995 billion. The company anticipates GAAP EPS from continuing operations to be around $1.75, a 31% increase year over year, and adjusted EPS to be approximately $1.82, a 10% increase year over year, which is above the estimated $1.78.
January 24, 2024 | 11:04 am
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TE Connectivity Ltd expects Q2 net sales to be slightly lower than estimates at $3.95B, but anticipates higher EPS growth with GAAP EPS at $1.75 and adjusted EPS at $1.82, which is above the $1.78 estimate.
While TEL's projected net sales are slightly below expectations, the forecasted EPS growth is positive, indicating improved profitability. This mixed guidance may lead to a neutral short-term impact on the stock price as the market weighs the lower sales against the higher profitability.
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