TE Connectivity Announces Results for Third Quarter of Fiscal Year 2018
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TE Connectivity (TEL) Tops Q3 EPS by 6c, Revenues Beat; Offers FY18 EPS/Revenue Outlook
July 25, 2018 6:04 AM EDTTE Connectivity (NYSE: TEL) reported Q3 EPS of $1.43, $0.06 better than the analyst estimate of $1.37. Revenue for the quarter came in at $3.8 billion versus the consensus estimate of $3.69 billion.
Third Quarter Highlights
Net sales were $3.8 billion, up 12 percent as reported and 6 percent organically over the third quarter of 2017Diluted earnings per share (EPS) from continuing operations were $1.29, up 7 percent from the third quarter of 2017, and adjusted EPS were $1.43, 15 percent growth over the same period in 2017Cash flow from continuing operating activities was $800 million and free cash flow was $504 million, with $382 million returned to... More