TE Connectivity Q2 2024 Adj EPS $1.86 Beats $1.83 Estimate, Sales $3.967B Beat $3.956B Estimate
Portfolio Pulse from Benzinga Newsdesk
TE Connectivity (NYSE:TEL) reported Q2 2024 adjusted EPS of $1.86, surpassing the $1.83 estimate, and sales of $3.967B, slightly above the $3.956B estimate. This represents a 12.73% increase in EPS and a 4.64% decrease in sales from the same period last year.
April 24, 2024 | 10:02 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
TE Connectivity reported a Q2 2024 adjusted EPS of $1.86, beating estimates, with sales of $3.967B, also above expectations.
Beating both EPS and sales estimates typically leads to positive investor sentiment, potentially driving the stock price up in the short term. The increase in EPS from the previous year indicates strong financial performance, further supporting potential stock price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100