TE Connectivity: Fiscal Q3 Earnings Snapshot

July 27, 2022 GMT

SCHAFFHAUSEN, Switzerland (AP) _ TE Connectivity Ltd. (TEL) on Wednesday reported fiscal third-quarter profit of $594 million.

The Schaffhausen, Switzerland-based company said it had profit of $1.83 per share. Earnings, adjusted for one-time gains and costs, were $1.86 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.75 per share.

The electronics maker posted revenue of $4.1 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $3.9 billion.

For the current quarter ending in September, TE Connectivity expects its per-share earnings to be $1.85.

The company said it expects revenue in the range of $4.2 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