Tyco Electronics Ltd. (TEL) said its first-quarter net income attributable to the company stood at $172 million versus a loss of $37 million a year ago.
Earnings per share for the recent quarter were $0.37 compared with a loss of $0.08 last year. Adjusted earnings per share were $0.47 in the quarter compared with last year's adjusted earnings per share of $0.21. On average, 10 analysts polled by Thomson Reuters expected earnings per share of $0.39 for the quarter. Analysts' estimate typically excludes one-time items.
The company reported net sales of $2.89 billion, a 7% increase compared with $2.71 billion in the prior-year period. Eight analysts estimated revenues of $2.79 billion for the quarter.
Looking ahead to the second quarter of fiscal 2010, GAAP earnings per share are expected to be $0.46 - $0.51, including restructuring and other charges of about $0.03 per share. Adjusted earnings per share are expected to be $0.49 - $0.54. This outlook assumes current foreign exchange rates.
For the second fiscal quarter, the company expects sales of $2.85 billion - $2.95 billion. Eight analysts estimate second-quarter earnings per share of $0.39 on revenues of $2.75 billion for the quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.