TE Connectivity announces fourth quarter and full year results for fiscal year 2020
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/19/2026
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Oil slides after China asks Iran to limit Houthi attacks on Saudi oil facilities
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- S&P 500, Nasdaq advance, turning the page on a tumultuous week
- Anthropic and Accenture partner on embedded AI safety evaluation
- Wells Fargo Downgrades Netflix (NFLX) to Underweight on Engagement Risks, 'We see tougher choices ahead'
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
TE Connectivity (TEL) Tops Q4 EPS by 32c, Revenues Beat; Offers 1Q21 EPS/Revenue Guidance Above Consensus
October 28, 2020 6:11 AM EDTTE Connectivity (NYSE: TEL) reported Q4 EPS of $1.16, $0.32 better than the analyst estimate of $0.84. Revenue for the quarter came in at $3.26 billion versus the consensus estimate of $2.87 billion.
Fourth Quarter Highlights
Net sales were $3.26 billion, up 28% sequentially on a reported basis compared to the 10% increase the company expected. Sales were down 1% on a reported basis and down 4% on an organic basis year over year.Growth in all segments sequentially, with Transportation segment up 49%, driven by Auto business.GAAP earnings per share (EPS) from continuing... More