Te Connectivity Ltd Up 3.22% To $121.65 After Earnings Beat

TE Connectivity Ltd (TEL) surpassed earnings projections on 11/1/2023 for Q4 2023.

Te Connectivity Ltd's earnings came in at an EPS of $1.78 per share, 1.00% higher than estimates for an EPS of $1.76 per share. The firm's earnings are down 5% since reporting $1.88 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Revenues were upbeat at $4 billion. That represents a 7.43% decrease in revenues from the year-ago report and is 0.62% higher than consensus estimates set at $4 billion.

The stock is up 3.22% to $121.65 after the report.

Te Connectivity Ltd's revenues declined at a faster pace than earnings.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Te Connectivity Ltd has performed a little above average during the past few months. Before the report, Te Connectivity Ltd received a Long-Term Technical Rank by InvestorsObserver of 52, putting it in the top half of stocks. The firm set a 52-week high on July 26, 2023 at $146.6 and set a 52-week low on November 3, 2022 at $110.88.

TE Connectivity is the largest electrical connector supplier in the world, supplying interconnect and sensor solutions to the transportation, industrial, and communications markets. With operations in 150 countries and over 500,000 stock-keeping units, TE Connectivity has a broad portfolio that forms the electrical architecture of its end customers' cutting-edge innovations.