- TE Connectivity press release ( NYSE: TEL ): Q3 Non-GAAP EPS of $1.86 beats by $0.11 .
- Revenue of $4.1B (+7.9% Y/Y) beats by $200M .
- Orders of $4.2 billion with a book to bill of 1.02 and backlog up more than 20% year over year, reflecting continued strong customer demand.
- For the fourth quarter of fiscal 2022, the company expects net sales of approximately $4.2 billion (vs. $3.9B consensus), reflecting an approximate 10% increase on a reported basis and an approximate 15% increase on an organic basis year over year. GAAP EPS from continuing operations are expected to be approximately $1.79, down 25% year over year, with adjusted EPS of approximately $1.85 (vs. $1.75 consensus), up 9% year over year. The outlook includes the impact of an extra week in the fourth quarter.
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TE Connectivity Non-GAAP EPS of $1.86 beats by $0.11, revenue of $4.1B beats by $200M