TE Connectivity Misses Revenue Targets Amid War Costs
The electronic equipment maker reported quarterly revenue of 4.74 billion dollars while shares fell 10 percent today. Management warns of price hikes.
Xurve View
Xurve View
TE Connectivity, a prominent electronic equipment manufacturer based in Ireland, saw its shares tumble by more than 10% during morning trading on Wednesday. The decline followed a quarterly earnings report that missed revenue expectations and included a stark warning regarding the economic fallout from the ongoing conflict involving Iran.
