TE Connectivity Beats Earnings Estimates and Raises Guidance on Strong AI Demand
TE Connectivity reported first-quarter earnings and revenue above expectations. The company also raised its second-quarter profit guidance amid strong AI demand.
Insights:
TE Connectivity Ltd. announced first-quarter financial results on Wednesday that exceeded Wall Street estimates, driven by surging demand for artificial intelligence tools and data center infrastructure. The company, which is based in Galway, Ireland 
IE, reported an adjusted profit per share of $2.72, surpassing the analyst consensus of $2.55. Revenue for the quarter reached $4.67 billion, ahead of the $4.53 billion expected by market observers.
IE, reported an adjusted profit per share of $2.72, surpassing the analyst consensus of $2.55. Revenue for the quarter reached $4.67 billion, ahead of the $4.53 billion expected by market observers.
