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TE Connectivity: Fiscal Q3 Earnings Snapshot
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GALWAY, Ireland (AP) — GALWAY, Ireland (AP) — TE Connectivity Ltd. (TEL) on Wednesday reported fiscal third-quarter net income of $748 million.

On a per-share basis, the Galway, Ireland-based company said it had net income of $2.55. Earnings, adjusted for restructuring costs and amortization costs, were $2.94 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.85 per share.

The electronics maker posted revenue of $5.16 billion in the period.

For the current quarter ending in September, TE Connectivity expects its per-share earnings to be $3.05.

The company said it expects revenue in the range of $5.25 billion for the fiscal fourth quarter.

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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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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