TE Connectivity Ltd. Q2 adjusted earnings Beat Estimates

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

The company's earnings came in at $439 million, or $1.29 per share. This compares with $490 million, or $1.38 per share, in last year's second quarter.

Excluding items, TE Connectivity Ltd. reported adjusted earnings of $483 million or $1.42 per share for the period.

Analysts had expected the company to earn $1.28 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 4.2% to $3.41 billion from $3.56 billion last year.

TE Connectivity Ltd. earnings at a glance:

-Earnings (Q2): $483 Mln. vs. $502 Mln. last year. -EPS (Q2): $1.42 vs. $1.42 last year. -Analysts Estimate: $1.28 -Revenue (Q2): $3.41 Bln vs. $3.56 Bln last year.

-Guidance: Next quarter EPS guidance: $1.41 - $1.45 Next quarter revenue guidance: $3.4 - $3.5 Bln Full year EPS guidance: $5.55 - $5.65 Full year revenue guidance: $13.55 - $13.75 Bln