TE Connectivity Shares Drop Amid $1.4 Billion Acquisition Despite Strong Earnings

TE Connectivity (TEL) shares fell approximately 7% after the company announced a $1.4 billion acquisition of Astrodyne, overshadowing its strong quarterly earnings and better-than-expected guidance.

By Pratyush Thakur, SA News Editor · Seeking Alpha · July 22, 2026, 15:38 UTC

Topics: acquisitions earnings stock movement

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