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TE Connectivity: Fiscal 4Q Earnings Snapshot

SCHAFFHAUSEN, Switzerland (AP) _ TE Connectivity Ltd. (TEL) on Wednesday reported fiscal fourth-quarter earnings of $1.66 billion.

On a per-share basis, the Schaffhausen, Switzerland-based company said it had profit of $4.75. Earnings, adjusted for one-time gains and costs, were $1.35 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.

The electronics maker posted revenue of $3.51 billion in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $3.64 billion.

For the year, the company reported profit of $2.57 billion, or $7.27 per share. Revenue was reported as $13.99 billion.

For the current quarter ending in January, TE Connectivity expects its per-share earnings to range from $1.25 to $1.29.

The company said it expects revenue in the range of $3.33 billion to $3.43 billion for the fiscal first quarter.

TE Connectivity expects full-year earnings in the range of $5.60 to $5.80 per share, with revenue ranging from $13.9 billion to $14.3 billion.

TE Connectivity shares have dropped 18 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has dropped 13 percent in the last 12 months.


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