TE Connectivity Ltd. (TEL), an industrial technology company, announced its financial results for the first quarter on Wednesday. The firm also laid out its projections for the second quarter, revealing figures that fell short of analysts' forecasts.
For the upcoming quarter, TE Connectivity anticipates a loss from continuing operations of approximately $0.05 per share. The company expects adjusted earnings to be around $1.96 per share, with net sales likely reaching $3.95 billion.
Market analysts, on average, had predicted higher earnings of $1.98 per share and estimated revenues to be $4.08 billion for the quarter. It is important to note that the analysts' projections generally do not factor in special items.
