UPDATE: Tyco International (TYC) Reports In-Line Q4 EPS; Issues Light Q1 Outlook
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Tyco Reports Fourth Quarter 2015 Earnings from Continuing Operations Before Special Items of $0.61 Per Share and U.S. GAAP Earnings of $0.19 Per Share
November 13, 2015 6:01 AM ESTCORK, Ireland, Nov. 13, 2015 /PRNewswire/ --
Segment operating margin before special items expands 150 basis points for the quarter to 15.7% and increases 50 basis points for the year to 14.4% Diluted earnings per share (EPS) from continuing operations before special items increases 9% for the quarter and 12% for the year Fiscal 2016 EPS before special items will now include restructuring and repositioning charges. Full-year guidance of $2.05 - $2.20 includes an estimated $0.14 - $0.19 per share, or $75 million to $100 million, of restructuring and repositioning charges. Including all restructuring and repositioning charges, full-year 2015 EPS before special items was $1.74, which reflects $0.49 per... More