TE Connectivity (NYSE: TEL) reported Q4 EPS of $1.35, $0.02 better than the analyst estimate of $1.33. Revenue for the quarter came in at $3.5 billion versus the consensus estimate of $3.65 billion.

• Announced a definitive agreement to divest its subsea communications (SubCom) business; prior results have been recast with SubCom reported as discontinued operations
• Net sales were $3.5 billion, up 9 percent as reported and 8 percent organically over the fourth quarter of 2017, exceeding the company\'s expectations for sales excluding SubCom.
• Diluted earnings per share (EPS) from continuing operating operations were $4.78, including a one-time tax-related benefit, and adjusted EPS were $1.35, up 19 percent year over year.
• Cash flow from continuing operating activities was $922 million and free cash flow was $670 million, with $507 million returned to shareholders.

"Our strong fourth quarter results capped off an outstanding year, with fiscal-year sales up 9 percent organically and adjusted EPS up 26 percent. This performance, which was well above our business model targets, includes 100 points of adjusted operating margin expansion and reflects our success in capitalizing on positive content trends in what has been a balanced global growth environment," said TE Connectivity CEO Terrence Curtin. "I am proud of our results in 2018, which were driven by strong execution of our strategy and excellent teamwork from our employees worldwide. As a result of this strong performance, we also earned external recognition, including being named by Fortune as both a World\'s Most Admired Company and a Global Company Changing the World."

GUIDANCE:

TE Connectivity sees Q1 2019 EPS of $1.25-$1.29, versus the consensus of $1.39. TE Connectivity sees Q1 2019 revenue of $3.33-3.43 billion, versus the consensus of $3.62 billion.

For earnings history and earnings-related data on TE Connectivity (TEL) click here.