Oct 30 (Reuters) - Sensor manufacturer TE Connectivity ( TEL )

beat Wall Street estimates for fourth-quarter revenue on

Wednesday, buoyed by heightened demand for components from

electric vehicle makers.

TE Connectivity's ( TEL ) products are used in automotive

technologies for vehicle body and chassis systems, convenience

features, driver information, infotainment systems as well as

compact design solutions.

The company's total net sales of $4.07 billion came in above

analysts' average estimate of $4.01 billion for the quarter

ended Sept. 27, according to data compiled by LSEG estimates.

Its fourth-quarter adjusted profit was $1.95 per share,

compared with estimates of $1.90 per share.

Operating profit in the company's transportation solutions

unit, which competes with Aptiv ( APTV ) as a supplier for the

auto industry, stood at $404 million for the fourth quarter.

TE Connectivity ( TEL ) said on Wednesday its board has authorised a

$2.5 billion increase in the share repurchase program.

Following a recent reorganization, the company will also

reorganize its reporting structure into two segments -

transportation and industrial solutions - starting in fiscal

2025.