TE Connectivity Ltd (NYSE:TEL) reported a first-quarter FY24 net sales of $3.83 billion, beating the consensus of $3.86 billion, essentially flat year-on-year. The net sales declined by 1% organically. The adjusted EPS of $1.84 beat the consensus of $1.71. Orders were $3.8 billion, up 4% year-over-year, with growth in all segments. Revenue from Transportation Solutions rose by 5% Y/Y to $2.37 billion, Industrial Solutions decreased by 3.3% Y/Y to $1.03 billion, and Communications Solutions declined by 17% Y/Y to $433 million. Margin: The adjusted operating margin improved by 290 bps to 19.1%. …