Te Connectivity Ltd. Reports Earnings Results for the Third Quarter Ended June 25, 2021
July 28, 2021 at 06:00 am EDT
TE Connectivity Ltd. announced earnings results for the third quarter ended June 25, 2021. For the third quarter, the company announced sales was USD 3,845 million compared to USD 2,548 million a year ago. Operating income was USD 714 million compared to USD 134 million a year ago. Net income was USD 580 million compared to net loss of USD 41 million a year ago. Basic earnings per share was USD 1.76 compared to basic loss per share of USD 0.12 a year ago. Diluted earnings per share was USD 1.74 compared to diluted loss per share of USD 0.12 a year ago. Basic earnings per share from continuing operations was USD 1.76 compared to basic loss per share from continuing operations of USD 0.18 a year ago. Diluted earnings per share from continuing operations was USD 1.74 compared to diluted loss per share from continuing operations of USD 0.18 a year ago. For the nine months, sales was USD 11,105 million compared to USD 8,911 million a year ago. Operating income was USD 1,774 million compared to USD 190 million a year ago. Net income was USD 1,467 million compared to net loss of USD 471 million a year ago. Basic earnings per share was USD 4.43 compared to basic loss per share of USD 1.41 a year ago. Diluted earnings per share was USD 4.41 compared to diluted loss per share of USD 1.41 a year ago. Basic earnings per share from continuing operations was USD 4.41 compared to basic loss per share from continuing operations of USD 1.46 a year ago. Diluted earnings per share from continuing operations was USD 4.39 compared to diluted loss per share from continuing operations of USD 1.46 a year ago.