BRUSSELS (dpa-AFX) - (Adds Outlook)
For the third quarter, TE Connectivity Ltd. (TEL) expects earnings of $1.71 per share from continuing operations and adjusted earnings of $1.75 per share. Sales for the quarter are expected to be 1% from last year on reported basis at $3.9 billion.
On average, 6 analsts polled by Thomson Reuters expect the company to report earnings of $1.82 per share on revenue of $4 billion for the quarter.
For the second quarter, TE Connectivity revealed a profit that increased from last year.
The company's earnings totaled $560 million, or $1.71 per share. This compares with $506 million, or $1.51 per share, in last year's second quarter.
Excluding items, TE Connectivity Ltd. reported adjusted earnings of $592 million or $1.81 per share for the period.
The company's revenue for the quarter rose 7.2% to $4.01 billion from $3.74 billion last year.
TE Connectivity Ltd. earnings at a glance (GAAP) :
-Earnings (Q2): $560 Mln. vs. $506 Mln. last year. -EPS (Q2): $1.71 vs. $1.51 last year. -Revenue (Q2): $4.01 Bln vs. $3.74 Bln last year.
-Guidance: Next quarter EPS guidance: Adj; $1.75 Next quarter revenue guidance: $3.9 Bln
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