NYSE:TELElectronic
Why TE Connectivity (TEL) Is Down 5.9% After Earnings Beat And US$1.4 Billion Astrodyne Deal
TE Connectivity recently reported fiscal third-quarter 2026 results, with adjusted earnings of US$2.94 per share and 14% higher net sales year over year, alongside record orders of US$5.70 billion driven by Industrial and Transportation demand.
The company also agreed to acquire Astrodyne TDI for about US$1.40 billion, a move that broadens its power-management capabilities within Industrial Solutions and may enhance its role in higher-value electrification and energy applications.
We’ll now...