GALWAY, Ireland (AP) — GALWAY, Ireland (AP) — TE Connectivity Ltd. (TEL) on Wednesday reported fiscal third-quarter profit of $638 million.
On a per-share basis, the Galway, Ireland-based company said it had net income of $2.14. Earnings, adjusted for costs related to mergers and acquisitions and restructuring costs, were $2.27 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.08 per share.
The electronics maker posted revenue of $4.53 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $4.31 billion.
For the current quarter ending in September, TE Connectivity expects its per-share earnings to be $2.27.
The company said it expects revenue in the range of $4.55 billion for the fiscal fourth quarter.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TEL at https://www.zacks.com/ap/TEL
/Super%20Micro%20Computer%20Inc%20logo%20on%20building-by%20Poetra_RH%20via%20Shutterstock.jpg)
