RTTNews | Jan 26, 2022 06:05AM EST

06:04 Wednesday, January 26, 2022 (RTTNews.com) - TE Connectivity Ltd. (TEL) revealed a profit for its first quarter that increased from last year

The company's earnings totaled $566 million, or $1.72 per share. This compares with $381 million, or $1.14 per share, in last year's first quarter.

Excluding items, TE Connectivity Ltd. reported adjusted earnings of $581 million or $1.76 per share for the period.

The company's revenue for the quarter rose 8.5% to $3.82 billion from $3.52 billion last year.

TE Connectivity Ltd. earnings at a glance (GAAP) :

-Earnings (Q1): $566 Mln. vs. $381 Mln. last year.-EPS (Q1): $1.72 vs. $1.14 last year.-Revenue (Q1): $3.82 Bln vs. $3.52 Bln last year.

-Guidance:Next quarter EPS guidance: $1.70Next quarter revenue guidance: $3.8 Bln

Read the original article on RTTNews ( https://www.rttnews.com/3257317/te-connectivity-ltd-bottom-line-rises-in-q1.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com All Rights Reserved