TE Connectivity Higher Ahead of Earnings

Published on Tuesday, 24 January 2012 11:56 Written by Gerard Lerod

New York, January 24th (TradersHuddle.com) - Shares of TE Connectivity Ltd. (NYSE:TEL) are trading higher by +0.33% ahead of its quarterly earnings release. TE Connectivity, the maker of relays, circuit breakers, fiber optic components, touch screens, and wireless products is expected to release its quarterly results on January 25^th.

Wall Street Analysts consensus calls for a profit of $0.7 a share on $3.44 billion revenue.

TE Connectivity estimates have a range of $0.03 a share. The high estimate calls for profit of $0.71 a share and the low estimate is calling for a profit of $0.68 a share, a year ago for the quarter the company reported $0.73 a share.

TE Connectivity Ltd. (NYSE:TEL), formerly Tyco Electronics Ltd., manufactures engineered electronic components, network solutions, undersea telecommunication systems, and wireless systems. The Company provides products for customers in industries ranging from automotive, appliance, and aerospace and defense to telecommunications, computers, and consumer electronics.

Other companies on the watch on this earnings event are Amphenol Corporation NYSE:APH and Molex Incorporated NASDAQ:MOLX.