This Supplier Touches Everything From AI to Autos. Earnings Rose. - Barron's
1. TEL beat earnings estimates with EPS of $1.95 from $3.84 billion sales. 2. New orders at $4 billion indicate strong future demand despite slight sales miss. 3. AI-related business is expected to reach $600 billion by fiscal year 2025. 4. Global car production is forecasted to decline in 2025, but EV production will rise. 5. TE's operating profit margins expanded, increasing optimism for future financial performance.