TE Connectivity Ltd. Announces 6% Rise In Q3 Bottom Line

(RTTNews) - TE Connectivity Ltd. (TEL) reported a profit for its third quarter that rose from last year.

The company said its bottom line advanced to $391 million, or $1.08 per share. This was higher than $370 million, or $0.90 per share, in last year's third quarter.

Analysts had expected the company to earn $1.03 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Revenue came in at $3.12 billion, equal to the mark posted in the same period last year.

TE Connectivity Ltd. earnings at a glance:

-Earnings (Q3): $391 Mln. vs. $370 Mln. last year. -Earnings Growth (Y-o-Y): 5.7% -EPS (Q3): $1.08 vs. $0.90 last year. -EPS Growth (Y-o-Y): 20.0% -Analysts Estimate: $1.03 -Revenue (Q3): $3.12 Bln vs. $3.12 Bln last year. -Revenue Change (Y-o-Y): 0%

-Guidance: Next quarter EPS guidance: $1.17 - $1.23 Next quarter revenue guidance: $3.25 - $3.45 Bln Full year EPS guidance: $3.97 - $4.03 Full year revenue guidance: $12.15 - $12.35 Bln