January 20, 2016
Multiple News Sources
TE Connectivity Posts Solid Fiscal 2016 First Quarter Results; Sales above the midpoint of guidance; Adjusted EPS of $0.84, above the high end of guidance; GAAP EPS of $0.83
“I am pleased with our first quarter performance with sales in line with guidance and EPS exceeding the high end of guidance,” said TE Connectivity Chairman and CEO Tom Lynch. “Our businesses executed very well despite the uncertain macro-economic environment and continued softness in China and industrial markets. Last year’s acquisitions in Sensors and Medical continued to gain momentum, and we advanced our strategy to focus on harsh environment applications with the announced sale of our Circuit Protection Devices business."
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