Tyco International Earnings: Everything You Must Know Now

Tyco International Ltd. (NYSE:TYC) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

Tyco International Ltd. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 50.5% to $0.50 in the quarter versus EPS of $1.01 in the year-earlier quarter.

Revenue: Decreased 39.96% to $2.68 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Tyco International Ltd. reported adjusted EPS income of $0.50 per share. By that measure, the company beat the mean analyst estimate of $0.48. It missed the average revenue estimate of $2.71 billion.

Quoting Management: “Our results mark another strong quarter of operational performance, reflecting the continued strength of our recurring and service revenue base as well as sustained momentum in our Global Products business,” said Tyco Chief Executive Officer George Oliver. “We continue to execute our strategy of leading in technology to better serve our customers, increasing service revenue, and driving productivity, all of which contributed to our earnings growth this quarter.”

Key Stats (on next page)…

Revenue increased 2.68% from $2.61 billion in the previous quarter. EPS increased 19.05% from $0.42 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.53 to a profit $0.54. For the current year, the average estimate has moved up from a profit of $1.82 to a profit of $1.84 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)