BRUSSELS (dpa-AFX) - TE Connectivity Ltd. (TEL) released earnings for its third quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $573 million, or $1.86 per share. This compares with $528 million, or $1.67 per share, in last year's third quarter.
Excluding items, TE Connectivity Ltd. reported adjusted earnings of $588 million or $1.91 per share for the period.
Analysts on average had expected the company to earn $1.86 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 0.5% to $3.98 billion from $4.00 billion last year.
TE Connectivity Ltd. earnings at a glance (GAAP) :
-Earnings (Q3): $573 Mln. vs. $528 Mln. last year. -EPS (Q3): $1.86 vs. $1.67 last year. -Revenue (Q3): $3.98 Bln vs. $4.00 Bln last year.
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