Investing.com - TE Connectivity (NYSE:TEL) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $1.42 on revenue of $3.41B. Analysts polled by Investing.com expected EPS of $1.28 on revenue of $3.36B. That compared to EPS of $1.42 on revenue of $3.75B in the same period a year earlier. The company had reported EPS of $1.29 on revenue of $3.35B in the previous quarter.
For the year, TE Connectivity shares are up 27%, outperforming the DAX which is up 17.63% year to date.
TE Connectivity follows other major Technology sector earnings this month
On Wednesday, April 17, 2019, Taiwan Semiconductor reported first quarter EPS of $0.38 on revenue of $7.09B, compared to forecasts of EPS of $0.4 on revenue of $7.14B.
SAP ADR earnings beat analyst's expectations on Wednesday, with first quarter EPS of $1.01 on revenue of $6.86B. Investing.com analysts expected EPS of $0.95 on revenue of $6.74B
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