February 7, 2008

Tyco Electronics quarterly earnings rise

NEW YORK (Reuters) - Tyco Electronics Ltd (TEL.N), a maker of connectors and other components used in cars, airplanes and industry, reported a higher quarterly profit on Wednesday, boosted by a tax benefit and strong demand from telecommunications customers.

December 28 rose to $949 million, or $1.90 a share, from $281 million, or 57 cents per share, a year earlier.

Excluding items, earnings from continuing operations increased to 63 cents a share from 50 cents.

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