• TE Connectivity PLC TEL.N reported quarterly adjusted earnings of $2.27​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.91. The mean expectation of sixteen analysts for the quarter was for earnings of $2.07 per share. Wall Street expected results to range from $2.06 to $2.10 per share.

• Revenue rose 13.9% to $4.53 billion from a year ago; analysts expected $4.32 billion.

• TE Connectivity PLC's reported EPS for the quarter was $2.14​.

• The company reported quarterly net income of $638 million.

• TE Connectivity PLC shares had risen by 7.0% this quarter and gained 26.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.5% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the electronic equipment & parts peer group is also "buy"

• Wall Street's median 12-month price target for TE Connectivity PLC is $190.00, about 5% above its last closing price of $180.47

This summary was machine generated from LSEG data July 23 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)