TE Connectivity (TEL) to report Q3 earnings with expected growth, poised to benefit from EVs and AI.

From Nasdaq: 2024-07-22 10:04:00

TE Connectivity (TEL) is set to report its third-quarter fiscal 2024 results on Jul 24, expecting net sales of $4 billion with 4.8% year-over-year growth. Adjusted earnings are projected at $1.85 per share, with a 5.08% year-over-year increase.

The company is well-positioned to benefit from the growth in EVs and AI applications. While order levels improved in the second quarter, declining sensor sales and sluggish commercial transportation are potential concerns.

Investors can consider other companies like Arista Networks (ANET), Meta Platforms (META), and GoDaddy (GDDY) with positive Earnings ESP and strong growth numbers.

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Read more at Nasdaq: TE Connectivity (TEL) Set to Post Q3 Earnings: What’s in Store?