TE Connectivity (TEL) Tops Q3 EPS by 5c; Offers Q4 Outlook

TE Connectivity (NYSE: TEL) reported Q3 EPS of $1.08, $0.05 better than the analyst estimate of $1.03. Revenue for the quarter came in at $3.12 billion versus the consensus estimate of $3.13 billion.

OUTLOOK

For the fiscal fourth quarter 2016, the company expects net sales of $3.25 billion to $3.45 billion, GAAP EPS of $1.10 to $1.16 and adjusted EPS of $1.17 to $1.23. GAAP EPS includes acquisition related charges of $0.01, and restructuring and other charges of $0.06.

*** The Street sees Q4 revenue of $3.33 billion and EPS of $1.20.

For the full year, the company expects net sales of $12.15 billion to $12.35 billion. GAAP EPS are expected to be $5.13 to $5.19, including acquisition related charges of $0.07, net restructuring and other charges of $0.01, and tax-related income of $1.24. Adjusted EPS are expected to be $3.97 to $4.03.

*** The Street sees FY16 revenue of $12.28 billion and EPS of $3.99.

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

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