Wednesday, November 16, 2011

Tyco International (NYSE:TYC) Beats Expectations in Q4 - EPS of $0.92 (consensus $0.86)

Uploaded by on Nov 16, 2011
Tyco International (NYSE:TYC) reported Q4 Earnings before the market opened today, posting EPS of $0.92, topping consensus estimates for $0.86. Revenue for the quarter came in at $4.69 billion, also topping estimates for $4.51 billion.

Chairman and Chief Executive Officer Ed Breen said, "We delivered a very solid quarter with strong organic revenue growth and continued operating margin improvement which helped drive a 24% increase in earnings per share. Throughout the year, we continued to increase our investment in R&D and technology while completing strategic acquisitions to strengthen our core security, fire and flow control businesses. With our strong base of recurring and service revenue, continuing order momentum in our late cycle businesses and our focus on restructuring and productivity initiatives, we are well-positioned for continued growth in 2012. We are on track with our recently-announced plan to separate Tyco into three standalone public companies in this fiscal year. This marks an exciting new opportunity for all three companies to pursue their own focused growth strategies and create significant shareholder value."

Tyco International (NYSE:TYC) has potential upside of 13.6% based on a current price of $45.79 and an average consensus analyst price target of $52.

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