TE Connectivity Ltd. Reports 25% Gain In Q4 Profit

(RTTNews) - TE Connectivity Ltd. (TEL) reported earnings for its fourth quarter that increased compared to the same period last year.

The company said its bottom line advanced to $455 million, or $1.27 per share. This was higher than $364 million, or $0.9 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.2 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 11.7% to $3.33 billion. This was up from $2.98 billion last year.

TE Connectivity Ltd. earnings at a glance:

-Earnings (Q4): $455 Mln. vs. $364 Mln. last year. -Earnings Growth (Y-o-Y): 25.0% -EPS (Q4): $1.27 vs. $0.9 last year. -EPS Growth (Y-o-Y): 41.1% -Analysts Estimate: $1.2 -Revenue (Q4): $3.33 Bln vs. $2.98 Bln last year. -Revenue Change (Y-o-Y): 11.7%

-Guidance: Next quarter EPS guidance: $0.98 - $1.02 Next quarter revenue guidance: $2.95 - $3.05 Bln