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Fly News Breaks for November 1, 2018
TEL
Nov 1, 2018 | 08:52 EDT
SunTrust analyst William Stein lowered his price target on TE Connectivity to $82 and kept his Hold rating, saying that although the company's Q3 results were solid, its FY19 guidance may require another cut. The analyst believes that the management's 3% organic growth outlook may be too high in light of the current macro conditions, even though he is positive on the TE Connectivity's overall execution - particularly in its out-performing auto production segment.
News For TEL From the Last 2 Days
TEL
Apr 24, 2024 | 08:50 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS... To see the rest of the story go to thefly.com. See Story Here
TEL
Apr 24, 2024 | 06:49 EDT
Sees Q3 revenue $4B, consensus $4.11B. The company said, "For the third quarter of fiscal 2024, the company expects net sales of approximately $4.0 billion. GAAP EPS from continuing operations are expected to be approximately $1.71, up 2% year over year, with adjusted EPS of approximately $1.85, up 5% year over year. Third quarter guidance includes a $0.15 year-over-year headwind from tax and currency exchange rates."
