Recap: TE Connectivity Q3 Earnings

Shares of TE Connectivity TEL wer flat in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 60.67% over the past year to $0.59, which beat the estimate of $0.40.

Revenue of $2,548,000,000 declined by 24.82% from the same period last year, which beat the estimate of $2,410,000,000.

Guidance

Q4 revenue expected to be between $2,803,000,000 and $2,803,000,000.

Details Of The Call

Date: Jul 29, 2020

Time: 08:30 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fwww.google.com%2Furl%3Fq%3Dhttps%253A%252F%252Fevent.on24.com%252Fwcc%252Fr%252F2391769%252F76767528F64E3399A12F2AADE9D0743B%26sa%3DD%26usd%3D2%26usg%3DAOvVaw0P29Z8sYwM99Jnl61QoqL_&eventid=2391769&sessionid=1&key=76767528F64E3399A12F2AADE9D0743B&regTag=&sourcepage=register

Technicals

52-week high: $101.00

52-week low: $48.62

Price action over last quarter: Up 10.88%

Company Overview

TE Connectivity is a leader in the global connectors and sensors industry. TE manufactures and designs products that connect and protect the flow of power and data inside millions of products used by consumers and industries, particularly in mission-critical applications that face harsh environments and require unwavering reliability. The company operates in three segments: transportation, industrial, and communications.