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Why TE Connectivity Stock Plummeted This Week

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Corporate EarningsCorporate Guidance & OutlookAnalyst EstimatesCompany Fundamentals

TE Connectivity delivered better-than-expected fiscal Q2 results, but sales came in $20 million below expectations. The company also guided to better-than-expected current-quarter earnings, though some investors wanted stronger sales guidance. Overall the report is mixed, with earnings strength offset by softer revenue outlook.

Analysis

TE Connectivity delivered better-than-expected fiscal Q2 results, but sales came in $20 million below expectations. The company also guided to better-than-expected current-quarter earnings, though some investors wanted stronger sales guidance. Overall the report is mixed, with earnings strength offset by softer revenue outlook.

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