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TE Connectivity Earnings, Revenue beat In Q3

Published 2022/07/27, 12:03

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 $1.86 on revenue of $4.1B. Analysts polled by Investing.com anticipated EPS of $1.75 on revenue of $3.9B. .

For the year, TE Connectivity shares are down 23.73%, under-performing the S&P 500 which is down 17.73% year to date.

TE Connectivity follows other major Information Technology sector earnings this month

On Tuesday, Microsoft reported fourth quarter EPS of $2.23 on revenue of $51.87B, compared to forecasts of EPS of $2.29 on revenue of $52.43B.

Visa A earnings beat analyst's expectations on Tuesday, with third quarter EPS of $1.98 on revenue of $7.28B. Investing.com analysts expected EPS of $1.74 on revenue of $7.06B

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

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