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Tyco International posts FQ4 results
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Posted on 11/10/09 at 7:10am by Monica Gerson
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.
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