TE Connectivity Ltd. Q3 adjusted earnings Beat Estimates

(RTTNews) - TE Connectivity Ltd. (TEL) reported earnings for its third quarter that rose from last year.

The company's bottom line totaled $758 million, or $2.24 per share. This compares with $453 million, or $1.29 per share, in last year's third quarter.

Excluding items, TE Connectivity Ltd. reported adjusted earnings of $509 million or $1.50 per share for the period.

Analysts had expected the company to earn $1.42 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 5.3% to $3.39 billion from $3.58 billion last year.

TE Connectivity Ltd. earnings at a glance:

-Earnings (Q3): $509 Mln. vs. $500 Mln. last year. -EPS (Q3): $1.50 vs. $1.42 last year. -Analysts Estimate: $1.42 -Revenue (Q3): $3.39 Bln vs. $3.58 Bln last year.

-Guidance: Next quarter EPS guidance: $1.27 - $1.33 Next quarter revenue guidance: $3.2 - $3.3 Bln Full year EPS guidance: $5.47 - $5.53 Full year revenue guidance: $13.35 - $13.45 Bln