TE Connectivity Ltd. Earnings Rise 26% In Q1

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

The company said its bottom line climbed to $412 million, or $1.15 per share. This was higher than $328 million, or $0.84 per share, in last year's first quarter.

Analysts had expected the company to earn $1.00 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 8.1% to $3.06 billion. This was up from $2.83 billion last year.

TE Connectivity Ltd. earnings at a glance:

-Earnings (Q1): $412 Mln. vs. $328 Mln. last year. -Earnings Growth (Y-o-Y): 25.6% -EPS (Q1): $1.15 vs. $0.84 last year. -EPS Growth (Y-o-Y): 36.9% -Analysts Estimate: $1.00 -Revenue (Q1): $3.06 Bln vs. $2.83 Bln last year. -Revenue Change (Y-o-Y): 8.1%

-Guidance: Next quarter EPS guidance: $1.05 - $1.09 Next quarter revenue guidance: $3.025 - $3.125 Bln Full year EPS guidance: $4.30 - $4.50 Full year revenue guidance: f $12.2 - $12.6 Bln