TE Connectivity: Fiscal Q4 Earnings Snapshot

SCHAFFHAUSEN, Switzerland (AP) — SCHAFFHAUSEN, Switzerland (AP) — TE Connectivity Ltd. (TEL) on Wednesday reported fiscal fourth-quarter profit of $552 million.

The Schaffhausen, Switzerland-based company said it had profit of $1.75 per share. Earnings, adjusted for one-time gains and costs, came to $1.78 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.76 per share.

The electronics maker posted revenue of $4.04 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $4.01 billion.

For the year, the company reported profit of $1.91 billion, or $6.03 per share. Revenue was reported as $16.03 billion.

For the current quarter ending in December, TE Connectivity expects its per-share earnings to be $1.70.

The company said it expects revenue in the range of $3.85 billion for the fiscal first 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