TE Connectivity Earnings beat, Revenue misses In Q1

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TE Connectivity Earnings beat, Revenue misses In Q1
Credit: © Reuters.

Investing.com - TE Connectivity (NYSE: TEL ) reported first quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.

The firm reported earnings per share of $1.29 on revenue of $3.35B. Analysts polled by Investing.com expected EPS of $1.28 on revenue of $3.39B. That compared to EPS of $1.4 on revenue of $3.48B in the same period a year earlier. The company had reported EPS of $1.35 on revenue of $3.51B in the previous quarter.

For the year, TE Connectivity shares are up 5.09%, under-performing the S&P 500 which is up 6.7% year to date.

TE Connectivity follows other major Technology sector earnings this month


On Thursday, January 17, 2019, Taiwan Semiconductor reported fourth quarter EPS of $0.63 on revenue of $9.4B, compared to forecasts of EPS of $0.62 on revenue of $9.36B.

IBM earnings beat analyst's expectations on Tuesday, with fourth quarter EPS of $4.87 on revenue of $21.76B. Investing.com analysts expected EPS of $4.82 on revenue of $21.75B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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