Tyco International Ltd. (TYC) Tops Q2 EPS by 4c

Tyco International Ltd. (NYSE: TYC) reported Q2 EPS of $0.45, $0.04 better than the analyst estimate of $0.41. Revenue for the quarter came in at $2.49 billion versus the consensus estimate of $2.5 billion.

Tyco Chief Executive Officer George Oliver said, "We had another strong performance in the second quarter, demonstrating our ongoing effectiveness at executing on our growth strategy and operational improvement initiatives. We are starting to see an uplift in the top line, as continued growth in service and products revenue is now being supplemented with growth in installation revenue.

"Looking forward, the announced divestiture of our ADT Korea business and the sale of our remaining interest in Atkore provide an opportunity to redeploy significant capital to maximize long-term shareholder value. At the halfway point in our three year growth strategy outlined at our 2012 Investor Day, we are well positioned to deliver on our 15% EPS CAGR target through 2015."

For earnings history and earnings-related data on Tyco International Ltd. (TYC) click here.

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