TE Connectivity announces first quarter results for fiscal year 2020
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/21/2026
- Nasdaq notches record-high close, AI optimism reignites and Treasury yields retreat
- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
- Oil price dips to $100 on hopes of US-Iran diplomacy, partial recovery in Saudi exports
- Paramount, Warner Bros jump on report of settlement progress in merger fight
- Investors may be underpricing how far rate hikes could go, Deutsche says
- Far-left party wins Berlin election, pledging to nationalise housing
- Cybercrime feud erupts on dark web as notorious group claims hijack of rival's website
- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
- Nasdaq notches record-high close, AI optimism reignites and Treasury yields retreat
- Qatar Investment Authority targets $20B partnership with JPMorgan - Bloomberg
TE Connectivity (TEL) Tops Q1 EPS by 7c; Provides FY20 EPS/Revenue Guidance
January 29, 2020 6:09 AM ESTTE Connectivity (NYSE: TEL) reported Q1 EPS of $1.21, $0.07 better than the analyst estimate of $1.14. Revenue for the quarter came in at $3.2 billion versus the consensus estimate of $3.12 billion.
First Quarter Highlights
Net sales were $3.2 billion, down 5% on a reported and organic basis over the first quarter of 2019.Diluted earnings per share (EPS) from continuing operations were $0.07, below the company's GAAP guidance due to a non-cash charge from Swiss tax reform. Adjusted EPS were $1.21, exceeding the high end of the company's guidance.Cash flow from continuing operating activities was $411 million and free... More