DOW JONES NEWSWIRES 
 

Tyco Electronics Ltd. (TEL) boosted its fiscal third-quarter outlook amid higher sales in its electronic-components group, added project revenue in its undersea-telecommunications unit and the stronger dollar.

In after-hours trading, shares jumped 7.2% to $20.65 and are up 19% so far this year.

The move represents a sharp contrast to the demand woes that Tyco Electronics, a maker of products such as heat-shrink tubing and touch-screen technology, faced earlier this year when demand slumped for everything from personal computers to cellphones.

For the period ending June 26, the maker of electronics components, spun off from Tyco International Ltd. (TYC) in 2007, expects adjusted earnings from continuing operations of 10 cents to 17 cents a share on sales of $2.45 billion to $2.55 million. In April, it predicted earnings of a penny to 6 cents a share on sales of $2.35 billion to $2.45 billion.

The company also raised its estimated restructuring charges for the period to $60 million from its prior view of $40 million.

In April, the company said it swung to a fiscal second-quarter loss as it took a $3.55 billion goodwill write-down on woes at its components business, while orders plunged.

The company is expected to report fiscal third-quarter results July 29.

-By Lauren Pollock, Dow Jones Newswires; 201-938-5964; lauren.pollock@dowjones.com