TE Connectivity Plc (TEL), while reporting higher fourth-quarter profit above market estimates, on Wednesday issued first-quarter outlook, expecting year-over-year growth, above the Street.
In the pre-market activity, TE Connectivity shares were gaining around 9 percent to trade at $257.14.
For the first quarter of fiscal 2026, the company projects earnings per share from continuing operations to be approximately $2.33, an increase of 33 percent year over year, with adjusted earnings per share of approximately $2.53, up 23 percent year over year.
The Wall Street analysts on average expect the company to report earnings of $2.17 per share. Analysts' estimates typically exclude special items.
For the first quarter, the company expects sales of approximately $4.50 billion, a growth of 17 percent on a reported basis and 11 percent organically from last year. The Street is loking for sales of $4.34 billion for the year.
In the fourth quarter, the company's earnings totaled $663 million or $2.22 per share, compared with $276 million or $0.90 per share last year.
Adjusted earnings were $726 million or $2.44 per share for the period. Analysts had expected the company to earn $2.29 per share.
The company's sales for the period rose 16.7 percent to $4.749 billion from $4.068 billion last year. The Street expected sales of $4.59 billion.
Orders increased 22 percent year over year to $4.7 billion.
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