Reported 8 months ago
TE Connectivity exceeded Wall Street's revenue forecasts for the fourth quarter, driven by strong demand for components from electric vehicle manufacturers, reporting total net sales of $4.07 billion compared to the $4.01 billion estimate. The company's adjusted profit of $1.95 per share also surpassed expectations, and they announced a $2.5 billion increase in their share repurchase program while preparing to reorganize their reporting structure into two segments starting in fiscal 2025.
Source: YAHOO