Tyco International Earnings: Everything You Must Know Now

Tyco International Ltd. (NYSE:TYC) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Tyco International Ltd. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 51.16% to $0.42 in the quarter versus EPS of $0.86 in the year-earlier quarter.

Revenue: Decreased 40.1% to $2.61 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Tyco International Ltd. reported adjusted EPS income of $0.42 per share. By that measure, the company beat the mean analyst estimate of $0.39. It beat the average revenue estimate of $2.59 billion.

Quoting Management: “Tyco delivered a solid quarter operationally with accelerated service growth and operating margin expansion, driving a 20% year-over-year increase in normalized earnings per share,” said Tyco Chief Executive Officer George Oliver. “Our financial performance and strong balance sheet provides us with the flexibility to continue to fund our organic and inorganic growth initiatives while returning capital to shareholders.”

Key Stats (on next page)…

Revenue increased 0.31% from $2.6 billion in the previous quarter. EPS increased 5% from $0.40 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.50 and has not changed. For the current year, the average estimate has moved down from a profit of $1.84 to a profit of $1.83 over the last ninety days.

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