Investing.com - TE Connectivity (NYSE:TEL) reported third quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.5 on revenue of $3.39B. Analysts polled by Investing.com anticipated EPS of $1.42 on revenue of $3.44B. That compared to EPS of $1.43 on revenue of $3.76B in the same period a year earlier. The company had reported EPS of $1.42 on revenue of $3.41B in the previous quarter.
For the year, TE Connectivity shares are up 20.59%, under-performing the S&P 500 which is up 21.34% year to date.
TE Connectivity follows other major Technology sector earnings this month
On July 18, Microsoft reported fourth quarter EPS of $1.37 on revenue of $33.72B, compared to forecasts of EPS of $1.21 on revenue of $32.77B.
Taiwan Semiconductor earnings matched analyst's expectations on July 18, with second quarter EPS of $0.41 on revenue of $7.76B. Investing.com analysts expected EPS of $0.41 on revenue of $7.62B
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