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.
For the second quarter, the company projects earnings from continuing operations of about $2.26 per share and adjusted earnings of about $2.65 per share on net sales of about $4.7 billion, with organic sales growth of 6 percent.
On average, analysts polled expect earnings of $2.62 per share on revenues of $4.74 billion for the quarter. Analysts' estimates typically exclude special items.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.