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TE Connectivity Ltd. Q1 adjusted earnings Beat Estimates

TE Connectivity Ltd. (TEL) released earnings for its first quarter that climbed from the same period last year.

The company's earnings came in at $381 million, or $1.14 per share. This compares with $26 million, or $0.08 per share, in last year's first quarter.

Excluding items, TE Connectivity Ltd. reported adjusted earnings of $488 million or $1.47 per share for the period.

Analysts had expected the company to earn $1.28 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.0% to $3.52 billion from $3.17 billion last year.

TE Connectivity Ltd. earnings at a glance:

-Earnings (Q1): $488 Mln. vs. $408 Mln. last year.
-EPS (Q1): $1.47 vs. $1.21 last year.
-Analysts Estimate: $1.28
-Revenue (Q1): $3.52 Bln vs. $3.17 Bln last year.

-Guidance:
Next quarter EPS guidance: $1.47
Next quarter revenue guidance: $3.5 Bln

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