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TE Connectivity Beats Q2 Earnings Estimates, Sees Growth in Orders Across All Segments
TE Connectivity Ltd (NYSE:TEL) reported a fiscal second-quarter 2024 net sales of $3.97 billion, down by 5% year-on-year, beating the consensus of $3.96 billion.
The net sales declined by 3% organically.
Net sales grew by 4% Q/Q and 3% organically Q/Q.
The adjusted EPS of $1.86 beat the consensus of $1.83.
Orders were $4 billion, up 6% Q/Q, with sequential growth in all segments.
Revenue from Transportation Solutions declined by 4% Y/Y to $2.38 billion, Industrial ...