TE Connectivity Ltd. said its normalized net income for the fiscal third quarter ended June 26 came to 70 cents per share, compared with the S&P Capital IQ consensus estimate of 88 cents per share.
EPS increased year over year from 70 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $290.0 million, compared with $289.4 million in the year-earlier period.
The normalized profit margin fell to 9.3% from 9.4% in the year-earlier period.
Total revenue climbed year over year to $3.12 billion from $3.08 billion, and total operating expenses grew on an annual basis to $2.64 billion from $2.60 billion.
Reported net income grew from the prior-year period to $350.2 million, or 85 cents per share, from $345.3 million, or 83 cents per share.