TEL - TE Connectivity Beats Q4 Sales Estimates; CEO Highlights EV And AI Momentum | Benzinga
TE Connectivity Ltd (NYSE: TEL) reported a fourth-quarter FY23 net sales of $4.035 billion, beating the consensus of $4.009 billion, although lower by 7.4% year-on-year.
The adjusted EPS of $1.78 beat the consensus of $1.76.
Orders were $3.9 billion, with sequential growth in the Transportation and Communications segments.
Revenue from Transportation Solutions declined by 1.4% Y/Y to $2.41 billion, Industrial Solutions decreased by 6.8% Y/Y to ...