GALWAY, Ireland (AP) — GALWAY, Ireland (AP) — TE Connectivity Ltd. (TEL) on Wednesday reported fiscal first-quarter earnings of $750 million.
The Galway, Ireland-based company said it had net income of $2.53 per share. Earnings, adjusted for amortization costs and restructuring costs, were $2.72 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.54 per share.
The electronics maker posted revenue of $4.67 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $4.51 billion.
For the current quarter ending in March, TE Connectivity expects its per-share earnings to be $2.65.
The company said it expects revenue in the range of $4.7 billion for the fiscal second 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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