BRUSSELS (dpa-AFX) - TE Connectivity Ltd. (TEL) revealed earnings for second quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line totaled $13 million, or $0.04 per share. This compares with $541 million, or $1.75 per share, last year.
Excluding items, TE Connectivity Ltd. reported adjusted earnings of $631 million or $2.10 per share for the period.
Analysts on average had expected the company to earn $1.96 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 4.4% to $4.143 billion from $3.967 billion last year.
TE Connectivity Ltd. earnings at a glance (GAAP) :
-Earnings: $13 Mln. vs. $541 Mln. last year. -EPS: $0.04 vs. $1.75 last year. -Revenue: $4.143 Bln vs. $3.967 Bln last year.
-Guidance: Next quarter EPS guidance: $2.06 Next quarter revenue guidance: $4.30 Bln
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