RTTNews | Jan 27, 2021 06:05AM EST

06:04 Wednesday, January 27, 2021 (RTTNews.com) - TE Connectivity Ltd. (TEL) released earnings for its first quarter that climbed from the same period last year.

The company's earnings came in at $381 million, or $1.14 per share. This compares with $26 million, or $0.08 per share, in last year's first quarter.

Excluding items, TE Connectivity Ltd. reported adjusted earnings of $488 million or $1.47 per share for the period.

Analysts had expected the company to earn $1.28 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.0% to $3.52 billion from $3.17 billion last year.

TE Connectivity Ltd. earnings at a glance:

-Earnings (Q1): $488 Mln. vs. $408 Mln. last year.-EPS (Q1): $1.47 vs. $1.21 last year.-Analysts Estimate: $1.28-Revenue (Q1): $3.52 Bln vs. $3.17 Bln last year.

-Guidance:Next quarter EPS guidance: $1.47Next quarter revenue guidance: $3.5 Bln

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