SCHAFFHAUSEN, Switzerland (AP) _ TE Connectivity Ltd. (TEL) on Wednesday reported fiscal first-quarter net income of $381 million.

On a per-share basis, the Schaffhausen, Switzerland-based company said it had profit of $1.14. Earnings, adjusted for one-time gains and costs, came to $1.47 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.

The electronics maker posted revenue of $3.52 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $3.28 billion.

For the current quarter ending in April, TE Connectivity expects its per-share earnings to be $1.47.

The company said it expects revenue in the range of $3.5 billion for the fiscal second quarter.

TE Connectivity shares have increased 2% since the beginning of the year, while the Standard & Poor's 500 index has increased 2.5%. The stock has climbed 28% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TEL at https://www.zacks.com/ap/TEL

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