Investing.com - TE Connectivity (NYSE:TEL) reported third quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.59 on revenue of $2.5B. Analysts polled by Investing.com expected EPS of $0.41 on revenue of $2.41B. .
For the year, TE Connectivity shares are down 9.32%, under-performing the S&P 500 which is down 0.38% year to date.
TE Connectivity follows other major Technology sector earnings this month
On Wednesday, July 22, 2020, Microsoft reported fourth quarter EPS of $1.46 on revenue of $38.03B, compared to forecasts of EPS of $1.34 on revenue of $36.54B.
Taiwan Semiconductor earnings beat analyst's expectations on Wednesday, July 15, 2020, with second quarter EPS of $0.79 on revenue of $10.55B. Investing.com analysts expected EPS of $0.72 on revenue of $10.38B
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