TE Opens Fiscal 2018 on the Right Foot; Raising FVE to $89
TE Connectivity delivered first-quarter results exceeding management’s prior guidance and our expectations for top-line growth and adjusted EPS, while management increased its outlook for the full year. The firm’s transportation segment continues to perform strongly, making up for the relative weakness of the communication solutions segment. Automation and increasing content volume within both transportation and industrials segments remain the primary drivers for our long-term mid-single-digit r...
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