Tyco Electronics (TEL) Tops Q3 EPS by 3c; Guides, Raises Buyback
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Tyco Electronics (NYSE: TEL) reports Q3 earnings of $0.70 per share, ex-items, above the consensus of $0.67. Revenues came in at $3.91 billion, versus the consensus of $3.8 billion.
Sees Q4 EPS of $0.65-$0.67, ex-items, versus the consensus of $0.69. Sees FY EPS of $2.63-$2.65, versus the consensus of $2.65.
Tyco Electronics' Board of Directors has authorized a $750 million increase in the company's share repurchase program. This brings the total share repurchase program authorization to $2.0 billion.
Related Categories
EarningsGuidance
Stock Buybacks
Stocks Mentioned
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