SCHAFFHAUSEN, Switzerland (AP) _ TE Connectivity Ltd. (TEL) on Wednesday reported fiscal third-quarter net income of $580 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Schaffhausen, Switzerland-based company said it had net income of $1.74. Earnings, adjusted for costs related to mergers and acquisitions and restructuring costs, came to $1.79 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share.

The electronics maker posted revenue of $3.85 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $3.73 billion.

For the current quarter ending in September, TE Connectivity expects its per-share earnings to be $1.65.

The company said it expects revenue in the range of $3.8 billion for the fiscal fourth quarter.

TE Connectivity expects full-year earnings to be $6.47 per share, with revenue expected to be $14.9 billion.

TE Connectivity shares have increased 14% since the beginning of the year, while the S&P's 500 index has risen 17%. The stock has climbed 53% 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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