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TE Connectivity Ltd Issues Q1 2014 Guidance; EPS Guidance Below Analysts' Estimates; Issues FY 2014 Guidance In Line With Analysts' Estimates


Wednesday, 30 Oct 2013 06:00am EDT 

TE Connectivity Ltd announced that for the first quarter of 2014, the Company expects net sales of $3.225 to $3.325 billion and adjusted EPS of $0.74 to $0.78. GAAP EPS are expected to be $0.71 to $0.75, including restructuring charges of $0.03. For fiscal 2014, the Company expects net sales of $13.65 to $14.15 billion and adjusted EPS of $3.50 to $3.80. GAAP EPS are expected to be $3.41 to $3.71, including restructuring charges of $0.09. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $3.302 billion and EPS of $0.82 for the first quarter of 2014; and revenue of $13.99 billion and EPS of $3.65 for fiscal 2014. 

Company Quote

55.29
-2.58 -4.46%
30 Sep 2014