TE Connectivity’s Fiscal Q3 Adjusted EPS and Sales Beat Expectations

TE Connectivity shares were almost 1% higher pre-market Wednesday after the company said its fiscal Q3 adjusted EPS for the period ended June 30 amounted to $1.24 per share, up from $1.08 per share a year ago. Analysts polled by Capital IQ had expected $1.17 per share. The company said Q3 net sales amounted to $3.37 billion, up from $3.12 billion. Analysts expected net sales of $3.28 billion.

For Q4, the company expects net sales of $3.2 billion to $3.3 billion and adjusted EPS of $1.14 to $1.16. Analysts are expecting revenues of $3.24 billion and EPS of $1.15 per share. For full year 2017, the company expects net sales of $12.85 billion to $12.95 billion, and adjusted EPS of $4.72 to $4.74. Analysts are expecting revenues of $12.78 billion and EPS of $4.65 per share.

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