GALWAY, Ireland (AP) — GALWAY, Ireland (AP) — TE Connectivity Ltd. (TEL) on Wednesday reported fiscal second-quarter earnings of $855 million.
On a per-share basis, the Galway, Ireland-based company said it had profit of $2.90. Earnings, adjusted for one-time gains and costs, were $2.73 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.70 per share.
The electronics maker posted revenue of $4.74 billion in the period.
For the current quarter ending in June, TE Connectivity expects its per-share earnings to be $2.83.
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