Back to top

Image: Bigstock

TE Connectivity Ltd.

Read MoreHide Full Article

TE Connectivity reported third-quarter fiscal 2017 adjusted earnings of $1.24 per share, which beat the Zacks Consensus Estimate by 6.0% and was up 14.8% year over year. The impressive earnings were driven by continued progress on strategic priorities, solid execution and impressive rise in the top line. TE Connectivity expects transportation business to experience high-single-digit organic increase, fuelled by rise in global auto production and impressive heavy truck business in key end markets. Also, other two segments, namely, Communications and Industrial are witnessing strong rebound, thus stoking growth. Additionally, TE Connectivity’s solid financial health adds to its strength. The stock has also outperformed the industry average over the past three months. However, TE Connectivity expects seasonal sales decline in the upcoming quarters. Also supply chain inefficiencies are likely to have a negative impact on growth.


In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


TE Connectivity Ltd. (TEL) - free report >>

Published in