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TE Connectivity Reports Good Q1- Increases 2018 Outlook

|About: TE Connectivity Ltd. (TEL)

TE Connectivity (TEL) has the following Yahoo Finance earnings projections:

Earnings Estimate Current Qtr. (Mar 2018) Next Qtr. (Jun 2018) Current Year (2018) Next Year (2019)
No. of Analysts 15 15 16 16
Avg. Estimate 1.36 1.37 5.51 5.97
Low Estimate 1.35 1.33 5.45 5.52
High Estimate 1.41 1.45 5.65 6.35
Year Ago EPS 1.19 1.24 4.83 5.51

What TEL reported:

Diluted earnings per share (NYSEARCA:EPS) from continuing operations were $1.39, up 23 percent from the second quarter of 2017, and adjusted EPS were $1.42, growth of 19 percent over the same period in 2017.

What TEL projected for the next quarter

The company expects adjusted EPS of $1.35 to $1.37 which represents a 10 percent improvement at the mid-point versus the third quarter of 2017.

What TEL projected for 2018

The company expects adjusted EPS of $5.52 to $5.58, reflecting 15 percent growth at the mid-point compared to fiscal year 2017.

Summation - The numbers were better than projections. But in this environment, the market expects beats. The beat was a small beat - and that may be bad.

Disclosure: I am/we are long TEL.