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TE Connectivity Non-GAAP EPS of $1.77 beats by $0.10, revenue of $4B misses by $50M

Jul. 26, 2023 6:02 AM ETTE Connectivity Ltd. (TEL) StockBy: Deepa Sarvaiya, SA News Editor
  • TE Connectivity press release (NYSE:TEL): Q3 Non-GAAP EPS of $1.77 beats by $0.10.
  • Revenue of $4B (-2.4% Y/Y) misses by $50M.
  • Order levels were $4 billion, reflecting stability across all segments.
  • For the fourth quarter of fiscal 2023, the company expects net sales of approximately $4 billion ($4.05B consensus). GAAP EPS from continuing operations are expected to be approximately $1.63, with adjusted EPS of approximately $1.75 vs $1.67 consensus.

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