TE Connectivity fourth-quarter profit rises

Mon Nov 5, 2012 6:08am EST

Nov 5 (Reuters) - TE Connectivity Ltd reported a higher quarterly profit on Monday but said the economic environment was weaker than expected and it will spend $200 million this fiscal year to restructure operations.

The maker of electronic connectors used in cars and consumer devices earned a net $396 million, or 92 cents per share, in the fiscal fourth quarter ended Sept. 28, compared with $326 million or 75 cents per share a year earlier.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article