Sensor maker TE Connectivity beats profit target on steady demand from EV makers, ET Auto

It, however, forecast 2024 first-quarter net sales of about USD 3.85 billion compared with analysts’ expectations of USD 3.94 billion, owing to a decline in its communications segment, which supplies electronic components for data centers and appliances. TE Connectivity beat Wall Street expectations for fourth-quarter profit on Wednesday as demand for its sensor technology was…

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