Fire protection and security company, Tyco International Ltd. (
) reported a loss for their fourth quarter, missing analysts
The Schaffhausen, Switzerland based company reported a forth
quarter net loss of $419 million, or 91 cents per share, compared
with a net income of $397 million or 84 cents per share last year.
Excluding special items, EPS was 33 cents for the quarter, missing
analysts estimates of 38 cents per share.
Revenue was reported at $2.73 billion, down 2.5% from last years
revenue of $2.8 billion. Analysts expected revenue of $2.72
The company's loss was due to a loss in debt extinguishment and
For the entire year, TYC reported earnings of $472 million, or
$1.02 per share, down from $1.72 billion, or $3.59 per share last
year. Adjusted earnings were $1.35 per share. Looking ahead, the
company is forecasting FY13 revs of $10.6 - $10.7 billion, and an
EPS range of $1.75 - $1.85. The Street is estimating revenue of
$10.74 billion and EPS of $1.87.
Tyco shares were down 38 cents, or -1.39% during premarket
The Bottom Line
Shares of Tyco Internatioanl (
) have a 2.20% dividend yield, based on last night's closing stock
price of $27.33.
Tyco International Ltd. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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