SCHAFFHAUSEN, Switzerland (AP) — SCHAFFHAUSEN, Switzerland (AP) — TE Connectivity Ltd. (TEL) on Wednesday reported fiscal fourth-quarter earnings of $276 million.
The Schaffhausen, Switzerland-based company said it had profit of 90 cents per share. Earnings, adjusted for pretax expenses and restructuring costs, were $1.95 per share.
The results met Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of $1.95 per share.
The electronics maker posted revenue of $4.07 billion in the period, which topped Street forecasts. Six analysts surveyed by Zacks expected $4.01 billion.
For the year, the company reported profit of $3.19 billion, or $10.33 per share. Revenue was reported as $15.85 billion.
For the current quarter ending in December, TE Connectivity expects its per-share earnings to be $1.88.
The company said it expects revenue in the range of $3.9 billion for the fiscal first 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
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