TE Connectivity Soars 7% After Record Earnings
From None: 2025-04-23 13:49:00
TE Connectivity (NYSE:TEL) exceeded expectations in its fiscal second quarter, reporting adjusted earnings of $2.10 per share and revenue of $4.1 billion, a 4% increase year-over-year. The Industrial segment saw a 17% sales surge, driving a strong improvement in operating margin and contributing to record quarterly earnings.
The company’s stock rose over 7% intra-day on the news. TE Connectivity provided an optimistic forecast for the fiscal third quarter, expecting adjusted earnings of around $2.06 per share and revenue of approximately $4.3 billion. The strong guidance reflects continued strength in core markets like AI infrastructure, aerospace, and energy.
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