TE Connectivity Earnings, Revenue beat In Q2

  • Investing.com
TE Connectivity Earnings, Revenue beat In Q2

Investing.com - TE Connectivity (NYSE: TEL ) reported second quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.

The firm reported earnings per share of $1.29 on revenue of $3.19B. Analysts polled by Investing.com expected EPS of $1.05 on revenue of $2.99B. That compared to EPS of $1.42 on revenue of $3.41B in the same period a year earlier. The company had reported EPS of $1.21 on revenue of $3.17B in the previous quarter.

For the year, TE Connectivity shares are down 23.34%, under-performing the S&P 500 which is down 11.29% year to date.

TE Connectivity follows other major Technology sector earnings this month

On Saturday, Taiwan Semiconductor reported first quarter EPS of $0.75 on revenue of $10.35B, compared to forecasts of EPS of $0.75 on revenue of $10.32B.

Intel earnings beat analyst's expectations on Thursday, with first quarter EPS of $1.45 on revenue of $19.83B. Investing.com analysts expected EPS of $1.28 on revenue of $18.67B

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

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