Tyco International posts FQ4 results

Tyco International Ltd (NYSE: TYC) reported its FQ4 net income of $205 million, or $0.43 a share, vs consensus forecast of $0.52 per share. TYC’s quarterly net profits plummeted 53%, with weak economic environment adversely affecting the demand for the company’s construction and control products.

Tyco International’s quarterly revenues fell to $4.42 billion from $5.28 billion a year ago. The revenues beat consensus estimates of $4.3 billion.