TE Connectivity Projects Q3 Adjusted EPS of $2.83
TEL sits 94% above its 52-week low of $126.53.
Summary
TE Connectivity has provided specific adjusted EPS guidance of $2.83 for the third fiscal quarter. This forward-looking statement offers new, material information for investors and analysts to update their financial models and expectations for the company's upcoming performance. While the headline does not provide context on whether this guidance is above or below current consensus estimates, it is a direct projection from the company. Traders will be watching for analyst reactions and any subsequent revisions to price targets based on this guidance.
At the time of this announcement, TEL was trading at $245.51 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $71.4B. The 52-week trading range was $126.53 to $252.56. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.