Tyco Electronics Earnings: Everything You Must Know Now

Tyco Electronics, Ltd. (NYSE:TEL) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Tyco Electronics, Ltd. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 11.39% to $0.88 in the quarter versus EPS of $0.79 in the year-earlier quarter.

Revenue: Decreased 1.43% to $3.45 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Tyco Electronics, Ltd. reported adjusted EPS income of $0.88 per share. By that measure, the company beat the mean analyst estimate of $0.83. It beat the average revenue estimate of $3.39 billion.

Quoting Management: “We had a strong third quarter with sales and EPS above the high end of our guidance,” said TE Connectivity Chairman and Chief Executive Officer Tom Lynch. “Sales were up six percent sequentially driven by continued strength in our Transportation segment and improving demand in our Industrial and Network segments. Adjusted operating margins increased in all segments due to significant productivity gains and the increase in sales. We had another quarter of outstanding free cash flow, reaching $1.1 billion year to date.

“Orders increased over the prior year in most of our businesses and we expect another strong quarter in the fourth quarter, in line with our prior guidance. We are raising our full year adjusted EPS guidance to $3.18 to $3.22, up about 12% over the prior year.”

Key Stats (on next page)…

Revenue increased 5.64% from $3.27 billion in the previous quarter. EPS increased 15.79% from $0.76 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.9 to a profit $0.91. For the current year, the average estimate has moved up from a profit of $3.12 to a profit of $3.15 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

More Articles About:   , , ,  

More from The Cheat Sheet