TE Connectivity 2Q Guidance Tops Analyst Estimates
January 27 2021 - 6:57AM
Dow Jones News
By Matt Grossman
TE Connectivity Ltd.'s guidance for second-quarter sales and
adjusted profit suggests a stronger performance in the period than
analysts had been forecasting.
The company on Wednesday said it expects net sales of about $3.5
billion in the quarter, including a mid-single-digit percentage
increase in organic sales year over year. Analysts surveyed by
FactSet had been forecasting second-quarter revenue of $3.34
billion.
The Switzerland-based maker of connectivity and sensor
technology said it expects a rise in adjusted profit in the second
quarter to about $1.47 a share. Analysts were expecting
second-quarter adjusted profit of $1.33 a share.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
January 27, 2021 06:42 ET (11:42 GMT)
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