TE Connectivity Expects 2Q Growth Amid Strong Demand
January 26 2022 - 6:56AM
Dow Jones News
By Will Feuer
TE Connectivity Ltd. said it expects to post an uptick in sales
and solid growth in earnings for its current quarter as the company
navigates global supply-chain challenges amid strong demand for its
equipment.
The Swiss company, which makes connectivity and sensor
equipment, on Wednesday forecasted second-quarter sales of about
$3.8 billion, up 2% on a reported basis from a year earlier.
TE Connectivity said it expects adjusted earnings for the
quarter to come in around $1.70 a share, up 8% from the comparable
quarter a year earlier. On an unadjusted basis, the company said it
expects earnings of $1.52 a share.
"We expect to deliver year-over-year sales and earnings growth
in the second quarter as we continue to capitalize on a strong
demand environment and our team's ability to continue to execute
well despite ongoing volatility in global supply chains," TE
Connectivity Chief Executive Terrence Curtin said Wednesday.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
January 26, 2022 06:41 ET (11:41 GMT)
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