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TE Connectivity Ltd Issues Q3 2013 Guidance Below Analysts' Estimates; Lowers FY 2013 Revenue Guidance; Narrows FY 2013 EPS Guidance


Wednesday, 24 Apr 2013 06:00am EDT 

TE Connectivity Ltd announced that for third quarter of 2013, it expects net sales in the range of $3.325 to $3.425 billion and adjusted earnings per share (EPS) in the range of $0.80 to $0.84. GAAP EPS are expected to be $0.65 to $0.69, including restructuring and acquisition-related charges of $0.15. For fiscal 2013, it expects adjusted EPS in the range of $3.10 to $3.22 and sales of $13.075 to $13.375 billion. GAAP EPS are expected to be $2.80 to $2.92, including restructuring and acquisition-related charges of $0.50 and income from tax-related items of $0.20. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $3.5 billion and EPS of $0.86 for third quarter of 2013; revenue of $13.4 billion and EPS of $3.12 for fiscal 2013. 

Company Quote

64.01
0.41 +0.64%
9 Jul 2014