Investing.com - TE Connectivity (NYSE:TEL) reported fourth quarter earnings that beat analyst's expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.35 on revenue of $3.5B. Analysts polled by Investing.com forecast EPS of $1.33 on revenue of $3.65B. That compared to EPS of $1.25 on revenue of $3.46B in the same period a year earlier. The company had reported EPS of $1.43 on revenue of $3.76B in the previous quarter.
For the year, TE Connectivity shares are down 17.75%, under-performing the S&P 500 which is down 0.04% year to date.
TE Connectivity follows other major Technology sector earnings this month
On October 24, Microsoft (NASDAQ:MSFT) reported first quarter EPS of $1.14 on revenue of $29.08B, compared to forecasts of EPS of $0.96 on revenue of $27.88B.
Alphabet C (NASDAQ:GOOG) earnings beat analyst's expectations on October 25, with third quarter EPS of $13.06 on revenue of $33.74B. Investing.com analysts expected EPS of $10.41 on revenue of $27.32B
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