Tyco International (TYC) Tops Q3 EPS by 3c; Trims FY15 EPS Midpoint

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Tyco Reports Third Quarter 2015 Earnings From Continuing Operations Before Special Items of $0.59 Per Share and GAAP Earnings of $0.44 Per Share

July 31, 2015 6:00 AM EDT

CORK, Ireland, July 31, 2015 /PRNewswire/ --

Segment operating margin before special items of 14.8% expands 30 basis points year over year, or 90 basis points when adjusted for non-cash purchase accounting and increased Air-Pak shipments in prior-year quarter Diluted EPS from continuing operations before special items increases 9%, or 13% when adjusted for increased product shipments in prior-year quarter Provides guidance for fourth quarter 2015 EPS before special items of $0.60 - $0.62, a 7%-11% increase year over year Tightens full-year guidance to a range of $2.23 - $2.25 from $2.23 - $2.27, representing earnings growth of 12%-13% from the prior... More