TE Connectivity sees Q2 adjusted EPS $1.96, consensus $1.98

Sees Q2 revenue $3.95B, consensus $4.08B. Second quarter guidance includes 6c of currency exchange and tax headwinds compared to the prior year. The company said, “As we continue our operational excellence and innovate with our valued customers, we expect second quarter sales to be up sequentially and adjusted EPS to be up year over year and compared to the first quarter. We remain excited about capitalizing on long-term growth opportunities, including our bolt-on acquisition strategy and margin expansion plans, to keep delivering on our value creation model.”