TE Connectivity rises on better-than-expected Q2 profit

TE Connectivity

23/04/2025 14:05

** Shares of TE Connectivity TEL.N up 5.3% at $140.50 premarket, on better-than-expected profit in Q2 driven by improved operating margin at its industrial solutions unit

** Co posted Q2 adj profit of $2.10 per share, compared with analysts' estimate of $1.96

** TEL expects third-quarter revenue to be about $4.30 bln, with average analysts' estimate of $4.12 bln according to data compiled by LSEG

** 11 of 21 brokerages rate the stock "buy" or higher, 10 "hold"; their median PT is $164

** As of last close, stock had fallen 6.6% YTD compared with a 11% decline in the S&P 500-Electronic Equipment, Instruments & Components (Industry) index .SPLRCELEQ

 (Reporting by Apratim Sarkar)

 ((Apratim.Sarkar@thomsonreuters.com))