TE Connectivity Falls as $1.4B Astrodyne Deal Overshadows Earnings, Outlook Beat

TE Connectivity (TEL) shares fell about 7% on Wednesday after the electronic components maker announced a $1.4B acquisition alongside quarterly results that topped Wall Street estimates and issued stronger-than-expected guidance. The company reported adjusted third-quarter

TE Connectivity (TEL) shares fell about 7% on Wednesday after the electronic components maker announced a $1.4B acquisition alongside quarterly results that topped Wall Street estimates and issued stronger-than-expected guidance.

The company reported adjusted third-quarter earnings of $2.94 per share, topping analysts’ estimates

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