TE Connectivity announces first quarter results for fiscal year 2021
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TE Connectivity (TEL) Tops Q1 EPS by 19c, Revenues Beat; Offers 2Q EPS/Revenue Guidance Above Consensus
January 27, 2021 6:06 AM ESTTE Connectivity (NYSE: TEL) reported Q1 EPS of $1.47, $0.19 better than the analyst estimate of $1.28. Revenue for the quarter came in at $3.5 billion versus the consensus estimate of $3.26 billion.
First Quarter Highlights
Net sales were $3.5 billion, up 11% on a reported basis, and 6% on an organic basis year over year.Orders of approximately $4 billion, up 25% year over year.GAAP earnings per share (EPS) from continuing operations were $1.13, and adjusted EPS were $1.47,... More