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TE Connectivity reports Q1 results, projects lower Q2 earnings and sales than expected by analysts.
TE Connectivity, an industrial firm, announced its Q1 results and projected Q2 earnings and sales, which fell short of analysts' expectations.
The company forecasts a Q2 loss of $0.05 per share from continuing operations, adjusted earnings of $1.96 per share, and net sales of $3.95 billion.
Analysts had anticipated earnings of $1.98 per share and revenues of $4.08 billion, excluding special items.
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TE Connectivity reporta resultados Q1, proyecta menores ganancias y ventas de Q2 de lo esperado por los analistas.