By Donato Paolo Mancini
TE Connectivity Ltd. (TEL) on Wednesday said that sales and earnings-per-share exceeded guidance, and raised its full-year earnings-per-share outlook.
The technology company reported a net income for its fiscal second quarter of $439 million, or $1.29 a share, compared with $490 million, or $1.38, for the same period last year.
Sales in the quarter fell to $3.41 billion from $3.56 billion. The company sees net sales between $13.55 billion and $13.75 billion for the full fiscal year. It expects adjusted EPS between $5.55 and $5.65, up from its previous view of $5.35 to $5.55.
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