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Update: TE Connectivity Shares Fall After Fiscal Q2 Revenue Miss

-- (Updates with the latest stock price movement in the headline and the first paragraph.)

TE Connectivity (TEL) shares fell 11% on Wednesday after the company reported lower-than-expected fiscal Q2 revenue.

The company reported fiscal Q2 adjusted earnings from continuing operations of $2.73 per diluted share, up from $2.21 a year earlier.

Analysts polled by FactSet expected $2.69.

Net sales for the quarter ended March 27 were $4.74 billion, compared with $4.14 billion a year earlier.

Analysts surveyed by FactSet expected $4.75 billion.

For fiscal Q3, the company expects adjusted EPS of about $2.83 on sales of $5 billion. Analysts polled by FactSet expect $2.80 and $4.93 billion, respectively.

Price: $215.53, Change: $-27.65, Percent Change: -11.37%

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