TE Connectivity Q1 Profit Misses Estimates; Guides Q2, 2012 Below View

TE Connectivity Q1 Profit Misses Estimates; Guides Q2, 2012 Below View

  • Posted Wednesday, January 25, 2012 -
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Diversified electronics maker TE Connectivity Ltd. (TEL), which changed its name from Tyco Electronics Ltd. in March 2011, reported Wednesday a profit for the first quarter that declined from last year, despite revenue growth, reflecting lower margins. Both adjusted earnings per share and quarterly revenues also missed analysts' expectations. The company also issued earnings and net sales guidance for the second quarter and for the full-year 2012, both below Street view.view original article

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