TE Connectivity Posts $900M Fiscal Q4 Profit, Beats Analyst Estimates

TE Connectivity Ltd. (TEL) reported a fiscal fourth-quarter profit of $900 million on Wednesday, with adjusted earnings of $3.14 per share that topped Wall Street expectations. The Galway, Ireland-based electronics maker posted earnings of $3.09 per share on a reported basis. The average estimate of four analysts surveyed by Zacks Investment Research was $3.08 per share. Revenue for the quarter came in at $5.31 billion. For the full year, the company reported profit of $3.25 billion, or $11.06 per share, on revenue of $19.89 billion. Looking ahead, TE Connectivity expects per-share earnings of $3.30 for the current quarter ending in December, with revenue in the range of $5.35 billion for the fiscal first quarter.