Movement Alert｜TE Connectivity Intraday Decline 5.88% in Regular Trading, Q4 Beat and Strong Q1 Outlook Met With Profit-Taking

Market Focus10-28 21:37

On October 28, TE Connectivity recorded an Intraday Decline of 5.88% in Regular Trading, trading at $210.905 per share with turnover of $48.0977 million.

The key catalyst was its latest earnings release: fiscal Q4 results and fiscal Q1 guidance both exceeded market expectations, yet the stock moved lower as the positive news appeared to be met with profit-taking.

TE Connectivity reported fiscal Q4 revenue of $5.31 billion, up 11.6% year over year, versus market expectations near $5.29 billion. Adjusted EPS was $3.14, above the expected $3.07. For fiscal Q1, the company guided to sales of about $5.35 billion and adjusted EPS of about $3.30, both well ahead of consensus expectations around $5.14 billion and $3.01, respectively. Earlier analyst target-price increases into late October also suggest expectations had already strengthened before the release.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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