TE Connectivity's Q3 Orders Were $4.1B, Up By 4% YoY
Portfolio Pulse from Benzinga Newsdesk
TE Connectivity reported Q3 orders of $4.1 billion, marking a 4% year-over-year increase and a 3% sequential rise, driven by momentum in artificial intelligence programs.
July 24, 2024 | 10:06 am
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TE Connectivity reported Q3 orders of $4.1 billion, a 4% increase year-over-year and a 3% sequential rise, driven by momentum in artificial intelligence programs.
The increase in orders, particularly driven by AI programs, indicates strong demand and growth potential for TE Connectivity. This positive performance is likely to boost investor confidence and drive the stock price up in the short term.
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