TE Connectivity Expects 3Q Sales to Rise
April 21 2021 - 6:51AM
Dow Jones News
By Dave Sebastian
TE Connectivity Ltd. said it expects sales for the fiscal third
quarter to rise as it benefits from a recovering economic
backdrop.
The Swiss company, which makes connectivity and sensor
equipment, on Wednesday said it sees quarterly sales of about $3.7
billion, up from $2.5 billion in the prior year.
The company said it expects per-share earnings from continuing
operations of about $1.51 a share, compared with a loss of 18 cents
a share a year earlier. It expects adjusted earnings of about $1.57
a share.
Analysts polled by FactSet expect third-quarter adjusted
earnings of $1.44 a share on $3.45 billion in sales.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
April 21, 2021 06:36 ET (10:36 GMT)
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