TE Connectivity Ltd. Q3 adjusted earnings Beat Estimates

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

The company's profit totaled $454 million, or $1.29 per share. This compares with $435 million, or $1.22 per share, in last year's third quarter.

Excluding items, TE Connectivity Ltd. reported adjusted earnings of $503 million or $1.43 per share for the period.

Analysts had expected the company to earn $1.37 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.6% to $3.76 billion from $3.37 billion last year.

TE Connectivity Ltd. earnings at a glance:

-Earnings (Q3): $503 Mln. vs. $444 Mln. last year. -EPS (Q3): $1.43 vs. $1.24 last year. -Analysts Estimate: $1.37 -Revenue (Q3): $3.76 Bln vs. $3.37 Bln last year.

-Guidance: Next quarter EPS guidance: $1.31 to $1.33 Next quarter revenue guidance: $3.59 - $3.69 Bln Full year EPS guidance: $5.56 to $5.58 Full year revenue guidance: $14.58 to $14.68 Bln