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TE Connectivity Ltd. (TEL) reported earnings for its fourth quarter that rose from last year.


RTTNews | Oct 27, 2021 06:05AM EDT

06:05 Wednesday, October 27, 2021 (RTTNews.com) - TE Connectivity Ltd. (TEL) reported earnings for its fourth quarter that rose from last year.

The company's earnings totaled $794 million, or $2.40 per share. This compares with $230 million, or $0.69 per share, in last year's fourth quarter.

Excluding items, TE Connectivity Ltd. reported adjusted earnings of $560 million or $1.69 per share for the period.

The company's revenue for the quarter rose 17.2% to $3.82 billion from $3.26 billion last year.

TE Connectivity Ltd. earnings at a glance:

-Earnings (Q4): $560 Mln. vs. $385 Mln. last year.-EPS (Q4): $1.69 vs. $1.16 last year.-Revenue (Q4): $3.82 Bln vs. $3.26 Bln last year.

-Guidance:Next quarter EPS guidance: $1.60Next quarter revenue guidance: $3.7 Bln

Read the original article on RTTNews ( https://www.rttnews.com/3235975/te-connectivity-ltd-reports-rise-in-q4-bottom-line.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved






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