Shares of TE Connectivity (NYSE:TEL) were up 5.91% late-morning today, a day after the company reported its healthcare sales were up 5.7% to $10 million for the second quarter of its 2020 fiscal year.
Schaffhausen, Switzerland-based TE Connectivity reported a net loss of -$456 million on net sales of $3.195 billion for the quarter ended March 27, 2020, down from the profit of $439 million reported for the same quarter one year ago. Earnings per share of $1.29 exceeded Wall Street analysts’ consensus of -$1.06 per share on sales of $2.94 billion.
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