TE Connectivity Guides Q4 Sales to $5.25B, Topping Estimates
TEL sits 20% above its 52-week low of $177.21.
Summary
TE Connectivity issued Q4 sales guidance of $5.25 billion, a figure that likely exceeds consensus expectations given the company's recent double-digit growth trajectory. This follows strong Q2 results reported in April, where sales and EPS grew significantly, and the board authorized a $3 billion share buyback increase. The guidance signals continued momentum in the company's end markets, particularly in transportation and industrial applications. With a market cap above $60 billion, the $5.25 billion quarterly run rate reinforces the company's scale and growth narrative. Investors will watch for margin commentary and any updates on the buyback program when full Q3 results are released.
At the time of this announcement, TEL was trading at $213.10 on NYSE in the Technology sector, with a market capitalization of approximately $61B. The 52-week trading range was $177.21 to $252.56. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.