BRUSSELS (dpa-AFX) - TE Connectivity Ltd. (TEL) revealed earnings for fourth quarter that decreased from the same period last year.
The company's bottom line came in at $230 million, or $0.69 per share. This compares with $372 million, or $1.10 per share, in last year's fourth quarter.
Excluding items, TE Connectivity Ltd. reported adjusted earnings of $385 million or $1.16 per share for the period.
Analysts had expected the company to earn $0.84 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 1.2% to $3.26 billion from $3.30 billion last year.
TE Connectivity Ltd. earnings at a glance:
-Earnings (Q4): $385 Mln. vs. $451 Mln. last year. -EPS (Q4): $1.16 vs. $1.33 last year. -Analysts Estimate: $0.84 -Revenue (Q4): $3.26 Bln vs. $3.30 Bln last year.
-Guidance: Next quarter EPS guidance: $1.25
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