By Will Feuer
TE Connectivity Ltd. said it expects to post an uptick in sales and solid growth in earnings for its current quarter as the company navigates global supply-chain challenges amid strong demand for its equipment.
The Swiss company, which makes connectivity and sensor equipment, on Wednesday forecasted second-quarter sales of about $3.8 billion, up 2% on a reported basis from a year earlier.
TE Connectivity said it expects adjusted earnings for the quarter to come in around $1.70 a share, up 8% from the comparable quarter a year earlier. On an unadjusted basis, the company said it expects earnings of $1.52 a share.
"We expect to deliver year-over-year sales and earnings growth in the second quarter as we continue to capitalize on a strong demand environment and our team's ability to continue to execute well despite ongoing volatility in global supply chains," TE Connectivity Chief Executive Terrence Curtin said Wednesday.
Write to Will Feuer at Will.Feuer@wsj.com
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