GALWAY, Ireland (AP) — GALWAY, Ireland (AP) — TE Connectivity Ltd. (TEL) on Wednesday reported fiscal fourth-quarter earnings of $663 million.
The Galway, Ireland-based company said it had profit of $2.22 per share. Earnings, adjusted for pretax expenses and restructuring costs, were $2.44 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.29 per share.
The electronics maker posted revenue of $4.75 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $4.55 billion.
For the year, the company reported profit of $1.84 billion, or $6.16 per share. Revenue was reported as $17.26 billion.
For the current quarter ending in December, TE Connectivity expects its per-share earnings to be $2.53.
The company said it expects revenue in the range of $4.5 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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