NEW YORK (Bloomberg) — Bermuda-based Tyco Electronics Ltd. said fiscal third-quarter profit and revenue would be higher than it previously projected amid increased sales in markets at its electronic-components unit.

Tyco Electronics gained 7.5 percent in trading following the regular close of the New York Stock Exchange after saying profit, excluding some items, may be as much as 17 cents a share, compared with its April forecast of as much as six cents. Analysts, on average, expect profit of three cents a share in the quarter through June 26. Sales improved in consumer-related markets served by the electronics-components division, the company said yesterday in a statement.

Additional revenue at the undersea telecommunications unit and favourable currency translation also helped sales, the company said.

Tyco Electronics, the world's largest maker of electronic connectors, now sees sales of $2.45 billion to $2.55 billion, up from the April 29 target of $2.35 billion to $2.45 billion. Analysts, on average, project sales of $2.4 billion.

The company, which is scheduled to report third-quarter results on July 29 and set to redomicile to Ireland, rose $1.44 to $20.70 in New York yesterday.