TE Connectivity Ltd. Q1 Earnings Advance 21%

(RTTNews) - TE Connectivity Ltd. (TEL) announced a profit for its first quarter that gained ground from last year.

The company said its bottom line totaled $498 million, or $1.40 per share. This was higher than $412 million, or $1.15 per share, in last year's first quarter.

Analysts had expected the company to earn $1.25 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 13.7% to $3.48 billion. This was up from $3.06 billion last year.

TE Connectivity Ltd. earnings at a glance:

-Earnings (Q1): $498 Mln. vs. $412 Mln. last year. -Earnings Growth (Y-o-Y): 20.9% -EPS (Q1): $1.40 vs. $1.15 last year. -EPS Growth (Y-o-Y): 21.7% -Analysts Estimate: $1.25 -Revenue (Q1): $3.48 Bln vs. $3.06 Bln last year. -Revenue Change (Y-o-Y): 13.7%

-Guidance: Next quarter EPS guidance: $1.33 - $1.37 Next quarter revenue guidance: $3.55 - $3.65 Bln Full year EPS guidance: $5.40 - $5.50 Full year revenue guidance: $14.1 - $14.3 Bln