TE Connectivity Ltd. Q2 Earnings Rise 30%

(RTTNews) - TE Connectivity Ltd. (TEL) released a profit for its second quarter that climbed from last year.

The company said its bottom line totaled $429 million, or $1.19 per share. This was higher than $331 million, or $0.90 per share, in last year's second quarter.

Analysts had expected the company to earn $1.08 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 9.5% to $3.23 billion. This was up from $2.95 billion last year.

TE Connectivity Ltd. earnings at a glance:

-Earnings (Q2): $429 Mln. vs. $331 Mln. last year. -Earnings Growth (Y-o-Y): 29.6% -EPS (Q2): $1.19 vs. $0.90 last year. -EPS Growth (Y-o-Y): 32.2% -Analysts Estimate: $1.08 -Revenue (Q2): $3.23 Bln vs. $2.95 Bln last year. -Revenue Change (Y-o-Y): 9.5%

-Guidance: Full year EPS guidance: $1.14 - $1.18 Full year revenue guidance: $3.2 - $3.3 Bln