TE Connectivity Ltd. Q2 adjusted earnings Beat Estimates

(RTTNews) - TE Connectivity Ltd. (TEL) released earnings for its second quarter that advanced from the same period last year.

The company's earnings totaled $490 million, or $1.38 per share. This compares with $405 million, or $1.13 per share, in last year's second quarter.

Excluding items, TE Connectivity Ltd. reported adjusted earnings of $503 million or $1.42 per share for the period.

Analysts had expected the company to earn $1.36 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 16.1% to $3.75 billion from $3.23 billion last year.

TE Connectivity Ltd. earnings at a glance:

-Earnings (Q2): $503 Mln. vs. $429 Mln. last year. -EPS (Q2): $1.42 vs. $1.19 last year. -Analysts Estimate: $1.36 -Revenue (Q2): $3.75 Bln vs. $3.23 Bln last year.

-Guidance: Next quarter EPS guidance: $1.35 to $1.37 Next quarter revenue guidance: $3.65 - $3.7 Bln Full year EPS guidance: $5.52 to $5.58 Full year revenue guidance: $14.5 to $14.7 Bln