India, July 22 -- TE Connectivity plc (TEL) shares fell $15.83, or 7.57 percent, to $193.18 on Wednesday, despite the connectivity and sensor solutions company reporting higher third-quarter earnings and revenue while issuing upbeat guidance for the current quarter.
The stock opened at $199.33 and traded between $190.81 and $200.90 during the session on the New York Stock Exchange. It has traded in a 52-week range of $187.00 to $252.56. Trading volume reached 2.29 million shares, compared with an average daily volume of 2.65 million shares.
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Third-quarter net earnings increased to $748 million, or $2.55 per share, from $638 million, or $2.14 per share, a ...