UPDATE: Tyco FQ4 Revenue Down 2.5%
Tyco International Ltd (NYSE: TYC) posted a loss in the fiscal fourth quarter.
Tyco posted a quarterly loss of $419 million, or $0.91 per share, versus a year-ago profit of $397 million, or $0.84 per share. Excluding one-time items, its adjusted earnings from continuing operations declined to $0.33 from $0.43 per share.
Its revenue fell 2.5% to $2.73 billion. However, analysts were expecting earnings of $0.35 per share on revenue of $2.72 billion.
Tyco's operating margin declined to 5.6% from 7.9%.
Tyco shares closed at $27.33 yesterday.
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