24.04.2024 12:03:19 - dpa-AFX: TE Connectivity Ltd. Q2 Profit Increases, beats estimates

BRUSSELS (dpa-AFX) - TE Connectivity Ltd. (TEL) reported a profit for its
second quarter that increased from the same period last year and beat the
Street estimates.

The company's bottom line totaled $541 million, or $1.75 per share. This
compares with $433 million, or $1.36 per share, in last year's second quarter.

Excluding items, TE Connectivity Ltd. reported adjusted earnings of $577 million
or $1.86 per share for the period.

Analysts on average had expected the company to earn $1.83 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 4.6% to $3.97 billion from $4.16
billion last year.

TE Connectivity Ltd. earnings at a glance (GAAP) :

-Earnings (Q2): $541 Mln. vs. $433 Mln. last year.
-EPS (Q2): $1.75 vs. $1.36 last year.
-Revenue (Q2): $3.97 Bln vs. $4.16 Bln last year.


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
TE CONNECTIVITY Ltd A0RP04 NYSE 152,400 24.06.24 20:22:23 +0,400 +0,26% 152,380 152,470 150,690 152,000

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