TE Connectivity (NYSE: TEL) reported earnings on Jan. 23. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 28 (Q1), TE Connectivity missed estimates on revenues and beat slightly on earnings per share.

Compared to the prior-year quarter, revenue dropped and GAAP earnings per share grew.

Margins increased across the board.

Revenue details
TE Connectivity notched revenue of $3.13 billion. The nine analysts polled by S&P Capital IQ wanted to see sales of $3.21 billion on the same basis. GAAP reported sales were 1.1% lower than the prior-year quarter's $3.17 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.65. The 10 earnings estimates compiled by S&P Capital IQ anticipated $0.64 per share. GAAP EPS of $0.65 for Q1 were 8.3% higher than the prior-year quarter's $0.60 per share. (The prior-year quarter included $0.05 per share in earnings from discontinued operations.)

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 31.6%, 190 basis points better than the prior-year quarter. Operating margin was 12.4%, 30 basis points better than the prior-year quarter. Net margin was 8.8%, 60 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $3.36 billion. On the bottom line, the average EPS estimate is $0.75.

Next year's average estimate for revenue is $13.69 billion. The average EPS estimate is $3.19.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TE Connectivity is outperform, with an average price target of $39.45.

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