TE Connectivity Ltd. Announces 14% Rise In Q3 Bottom Line

(RTTNews) - TE Connectivity Ltd. (TEL) reported a profit for its third quarter that rose compared to the same period last year.

The company said its bottom line advanced to $444 million, or $1.24 per share. This was up from $391 million, or $1.08 per share, in last year's third quarter.

Analysts had expected the company to earn $1.17 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 8.0% to $3.37 billion. This was up from $3.12 billion last year.

TE Connectivity Ltd. earnings at a glance:

-Earnings (Q3): $444 Mln. vs. $391 Mln. last year. -Earnings Growth (Y-o-Y): 13.6% -EPS (Q3): $1.24 vs. $1.08 last year. -EPS Growth (Y-o-Y): 14.8% -Analysts Estimate: $1.17 -Revenue (Q3): $3.37 Bln vs. $3.12 Bln last year. -Revenue Change (Y-o-Y): 8.0%

-Guidance: Next quarter EPS guidance: $1.14 - $1.16 Next quarter revenue guidance: $3.2 - $3.3 Bln Full year EPS guidance: $4.72 - $4.74 Full year revenue guidance: $12.85 - $12.95 Bln