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
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