TE Connectivity Beats on Q4 EPS and Revenue, Guides Q1 Above
TEL sits 18% above its 52-week low of $190.27.
Summary
TE Connectivity delivered fiscal Q4 adjusted EPS of $3.14 versus the $3.07 consensus, with revenue up 11.9% to $5.31 billion against $5.28 billion expected. Net income came in at $900 million and GAAP EPS at $3.09. The beat extends a run of four straight quarters above estimates, and the company paired it with first-quarter guidance of $3.30 adjusted EPS on $5.35 billion in sales. That forward number is the piece traders are pricing now, since it implies continued momentum rather than a Q4-only pop. Shares had already gained 6.8% this quarter heading into the print.
At the time of this announcement, TEL was trading at $225.38 on NYSE in the Technology sector, with a market capitalization of approximately $65.3B. The 52-week trading range was $190.27 to $252.56. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.