TE Connectivity Ltd. New Switzerland Registered Shares ($TEL) Stock Forecast: Up 5.0% Today

What is TE Connectivity Ltd. New Switzerland Registered Shares?

TE Connectivity (TEL) is a global industrial technology company that designs and manufactures connectivity and sensor solutions for a variety of industries. The stock had a strong bullish movement today.

Why is TE Connectivity Ltd. New Switzerland Registered Shares going up?

TEL stock is up 5.0% on Jul 24, 2024 15:41

• TEL reported Q3 earnings that beat estimates, showcasing strong financial performance and exceeding market expectations.
• The announcement of an upcoming financial insights webcast could have generated investor interest and optimism about the company's future prospects.
• With TEL's profit increasing and beating estimates, investors may have gained confidence in the company's ability to deliver consistent growth.
• The record year-to-date cash flow and strong margin expansion highlighted in the third quarter results likely contributed to the bullish movement as investors viewed the company's financial health positively.

TEL Price Chart

TEL News

TE Connectivity ( TEL ) Q3 Earnings Beat Estimates

TE Connectivity (TEL) delivered earnings and revenue surprises of 2.69% and 0.51%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2307503/te-connectivity-tel-q3-earnings-beat-estimates

TE Connectivity: Engage in Our Financial Insights Webcast

TE Connectivity (TEL) has shared an announcement. Join the upcoming conference call and webcast on July 24, 2024, to delve into the latest insights…

https://www.tipranks.com/news/company-announcements/te-connectivity-engage-in-our-financial-insights-webcast

TE Connectivity Ltd. Q3 Profit Increases, Beats Estimates

BRUSSELS (dpa-AFX) - TE Connectivity Ltd. (TEL) released earnings for its third quarter that increased from the same period last year and beat the Street estimates.The company''s bottom line came i…

https://www.finanznachrichten.de/nachrichten-2024-07/62807305-te-connectivity-ltd-q3-profit-increases-beats-estimates-020.htm

TE Connectivity announces third quarter results for fiscal year 2024

Delivered EPS above guidance driven by strong margin expansion; Record year-to-date cash flow SCHAFFHAUSEN, Switzerland , July 24, 2024 /PRNewswire/ -- TE Connectivity Ltd. (NYSE: TEL ) today reported results for the fiscal third quarter ended June 28, 2024 . TEL ) earnings highlights for the third quarter of fiscal year 2024" alt="TE Connectivity (NYSE: TEL ) earnings highlights for the third quarter of fiscal year 2024"> Third Quarter Highlights Net sales were $4.0 billion , in line with guidance, down 1% on a reported basis year over year and up 2% organically. GAAP diluted earnings per share (EPS) from continuing operations were $1.86 , up 11% year over year. Adjusted EPS exceeded guidance at $1.91 , a quarterly record and up 8% year over year. Orders were $4.1 billion , up 4% year over year and 3% sequentially, driven by momentum in artificial intelligence programs. Operating margins were 19% and adjusted operating margins were 19.3%, up 200 basis points year over year and a quarterly record, driven by strong operational performance.

https://www.benzinga.com/pressreleases/24/07/n39926248/te-connectivity-announces-third-quarter-results-for-fiscal-year-2024

Will TE Connectivity ( TEL ) Beat Estimates Again in Its Next Earnings Report?

TE Connectivity (TEL) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

https://www.zacks.com/stock/news/2306280/will-te-connectivity-tel-beat-estimates-again-in-its-next-earnings-report

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TE Connectivity Ltd. New Switzerland Registered Shares Price History

25.00.2024 - TEL Stock was up 6.5%

• TEL reported sturdy Q1 growth and robust earnings, which contributed to the bullish market movement.
• The company's focus on the electric vehicle (EV) market has also generated positive investor sentiment.
• Despite a slight decline in net sales organically, TEL's adjusted EPS beat consensus expectations, further boosting investor confidence.

14.05.2024 - TEL Stock was down 2.4%

• Shareholders of TE Connectivity approving the merger to transition jurisdiction to Ireland potentially introduced uncertainty and worry among investors, prompting a downturn in the stock.
• An initial positive reaction may have been triggered by a "buy" rating from a financial analysis platform, but broader market sentiments and concerns regarding the merger likely eclipsed this, contributing to the negative trend.
• The relocation of jurisdiction could have repercussions on the company's day-to-day operations, regulatory landscape, and overall business prospects, leading to adverse market responses.
• Investor wariness concerning the merger's completion timeline set for September 30, 2024, and its potential impacts on TEL's future performance could be influencing the bearish movement in the stock.

28.07.2023 - TEL Stock was up 1.4%

• TEL had a strong bullish movement today.
• The article suggests that TEL's stock has been down since its last earnings report, indicating a potential negative sentiment in the market.
• However, the article also mentions that there are earnings estimates that could provide clues for a potential rebound.
• It is possible that investors have become more optimistic about TEL's future earnings prospects, leading to the bullish movement in the stock.

24.06.2024 - TEL Stock was up 5.0%

• TEL reported Q3 earnings that beat estimates, showcasing strong financial performance and exceeding market expectations.
• The announcement of an upcoming financial insights webcast could have generated investor interest and optimism about the company's future prospects.
• With TEL's profit increasing and beating estimates, investors may have gained confidence in the company's ability to deliver consistent growth.
• The record year-to-date cash flow and strong margin expansion highlighted in the third quarter results likely contributed to the bullish movement as investors viewed the company's financial health positively.