TE Delivers Despite SubCom Weakness: Maintain $89 FVE
TE Connectivity reported third-quarter results that exceeded guidance on both revenue and earnings, while providing fourth-quarter guidance that marginally improved on prior full-year guidance. Aside from continued poor performance in the subsea communications market, TE’s various end markets have continued to deliver, keeping the firm on track toward double-digit annual sales growth for the first time since 2015. The firm is currently sailing strongly on the secular tailwinds of increased conte...
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