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TE Connectivity Guides Q2 Below Estimates - Quick Facts
(RTTNews) - While reporting financial results for the first quarter on Wednesday, industrial technology firm TE Connectivity Ltd. (TEL) provided earnings, adjusted earnings and sales outlook for the second quarter, below analysts' expectations.
For the second quarter, the company projects earnings from continuing operations of about $1.44 per share and adjusted earnings of about $1.57 per share on net sales of about $3.9 billion, reflecting a decrease of 3% on a reported basis and an increase of 2% on an organic basis year over year.
On average, analysts polled by Thomson Reuters expect earnings of $1.64 per share on revenues of $3.94 billion for the year. Analysts' estimates typically exclude special items.
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TE Connectivity Approves Addl. $1.5 Bln Share Repurchase Program
Industrial technology firm TE Connectivity Ltd. (TEL) announced Friday that its board of directors has authorized an increase in its share repurchase program by an additional $1.5 billion.
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FTSE Up Nearly 0.5% On Easing Tariff Concerns
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Sensex, Nifty Extend Losses As Operation Sindoor Continues
Indian shares fell sharply on Friday to extend losses from the previous session after the Indian Army said it had countered the Pakistani attack on Indian cities late last night, fueling concerns of further escalation between the two nuclear-armed nations.
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DAX Moderately Higher On Trade Deal Hopes; Commerzbank Rises On Strong Results
German stocks are moderately higher on Friday, and the benchmark DAX has hit a new all-time high, with investors continuing to cheer the news about U.S.-UK trade agreement, and digesting corporate earnings announcements.
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Yamaha Recalls 34K Power Adaptors For Pianos, Workstations
Yamaha Corp. of America, affiliated to Japan's Yamaha Corp., is recalling about 37,400 units of power adaptors for digital pianos and music workstations citing risk of burn and fire, according to the U.S. Consumer Product Safety Commission. The recall involves Yamaha-brand AC adaptors with model number PA-300C that were sold with Yamaha-brand arranger workstations, digital pianos...
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European Shares Rise On Trade Deal Optimism
European stocks were modestly higher on Friday as investors looked ahead to discussions between the U.S. and China scheduled for this weekend.
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Asian Shares Mostly Higher On Trade Deal Optimism, China Trade Data
Asian shares ended mostly higher on Friday as investors parsed China's April trade data and looked ahead to crucial Sino-U.S. talks scheduled for this weekend.
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