July 22, 2015
"TE Connectivity Delivers a Lackluster Fiscal 3Q on Soft Demand; No Change to Our $52 FVE"
TE Connectivity's fiscal third-quarter revenue came in at $3.1 billion, up 1% year over year. Transportation Solutions, TE’s largest segment, grew 2% even as automotive production remained relatively flat. We expect this to be the fastest growing segment on the back of higher electronic content per vehicle.
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