Stock Track | TE Connectivity Plunges 5.26% in Pre-Market as Q2 Sales Guidance Misses Estimates

Stock Track

01/21

TE Connectivity's stock fell 5.26% in pre-market trading after the company issued fiscal Q2 sales guidance slightly below Wall Street expectations. The electrical components maker reported strong Q1 results, with adjusted EPS of $2.72 (vs. $2.55 estimate) and sales of $4.67B (vs. $4.53B estimate).

However, investors reacted negatively to the company's Q2 sales forecast of about $4.7B, which fell short of the FactSet consensus estimate of $4.72B. The broader market downturn, driven by geopolitical tensions and tariff fears, also weighed on the stock.

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