Tyco International Ltd. (TYC) reported earnings for its fourth quarter that advanced compared to the same period last year.
The company said its bottom line climbed to $260 million, or $0.61 per share. This was higher than $253 million, or $0.56 per share, in last year's fourth quarter.
Analysts had expected the company to earn $0.61 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 7.0% to $2.51 billion. This was down from $2.70 billion last year.
Tyco International Ltd. earnings at a glance:
-Earnings (Q4): $260 Mln. vs. $253 Mln. last year.
-Earnings Growth (Y-o-Y): 2.8%
-EPS (Q4): $0.61 vs. $0.56 last year.
-EPS Growth (Y-o-Y): 8.9%
-Analysts Estimate: $0.61
-Revenue (Q4): $2.51 Bln vs. $2.70 Bln last year.
-Revenue Change (Y-o-Y): -7.0%
-Guidance:
Next quarter EPS guidance: $0.40
Full year EPS guidance: $2.05 - $2.20
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