24.01.2024 12:04:34 - dpa-AFX: TE Connectivity Ltd. Q1 Profit Increases, beats estimates
BRUSSELS (dpa-AFX) - TE Connectivity Ltd. (TEL) reported a profit for its
first quarter that increased from the same period last year and beat the Street
estimates.
The company's earnings totaled $1.80 billion, or $5.76 per share. This compares
with $397 million, or $1.24 per share, in last year's first quarter.
Excluding items, TE Connectivity Ltd. reported adjusted earnings of $577 million
or $1.84 per share for the period.
Analysts on average had expected the company to earn $1.71 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 0.3% to $3.83 billion from $3.84
billion last year.
TE Connectivity Ltd. earnings at a glance (GAAP) :
-Earnings (Q1): $1.80 Bln. vs. $397 Mln. last year.
-EPS (Q1): $5.76 vs. $1.24 last year.
-Analyst Estimate: $1.71
-Revenue (Q1): $3.83 Bln vs. $3.84 Bln last year.
-Guidance:
Next quarter EPS guidance: $1.82
Next quarter revenue guidance: $3.95 Bln
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