Advertisement
Canada markets close in 4 hours 31 minutes

  • S&P/TSX

    22,023.61
    +151.65 (+0.69%)
     

  • S&P 500

    5,064.78
    +54.18 (+1.08%)
     

  • DOW

    38,461.48
    +221.50 (+0.58%)
     

  • CAD/USD

    0.7315
    +0.0014 (+0.19%)
     

  • CRUDE OIL

    82.72
    +0.82 (+1.00%)
     

  • Bitcoin CAD

    91,279.08
    +1,288.70 (+1.43%)
     

  • CMC Crypto 200

    1,437.27
    +22.51 (+1.59%)
     

  • GOLD FUTURES

    2,334.90
    -11.50 (-0.49%)
     

  • RUSSELL 2000

    2,000.90
    +33.42 (+1.70%)
     

  • 10-Yr Bond

    4.5860
    -0.0370 (-0.80%)
     

  • NASDAQ

    15,679.15
    +227.85 (+1.47%)
     

  • VOLATILITY

    16.26
    -0.68 (-4.01%)
     

  • FTSE

    8,044.63
    +20.76 (+0.26%)
     

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • CAD/EUR

    0.6834
    -0.0016 (-0.23%)
     
MARKETS LIVE BLOG:

STOCKS EXTEND GAINS AS RESULTS SEASON KICKS INTO HIGH GEAR

Tech-focused investors prepare for fresh wave of earnings highlighted by struggling Tesla

Tyco (TYC) Q4 Earnings Meet Estimates, Revenues Miss

Zacks Equity Research
Updated

With operations in more than 900 locations across 50 countries serving diversified end markets, Tyco International Ltd. TYC is the world's largest pure-play fire protection and security firm. The company fills an incredibly wide range of needs for businesses, governments, commercial industries, educational and medical institutions, with a portfolio of leading brand names for products and services under all its operating segments.

However, TYC’s business strategy hinges on acquiring complementary companies that consume significant resources and entail huge integration costs. In the last four trailing quarters, TYC has managed to beat the earnings twice with a positive average earnings surprise of 3.8%.

Currently, TYC has a Zacks Rank #3 (Hold), but that could definitely change following the company’s earnings report, which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: TYC earnings met estimates. The company reported EPS (from continuing operations) of 61 cents, which was in line with the Zacks Consensus Estimate.

ADVERTISEMENT

Revenue: Total revenues missed. TYC posted total revenue of $2,505 million, compared with Zacks Consensus Estimate of $2,536 million.

Key Stats to Note: TYC achieved impressive margin expansion this quarter, driven by its effective execution of productivity initiatives and cost-out actions amidst a difficult macroeconomic environment.

Stock Price: Shares remained flat in pre-market trading following the release at the time of this write-up.

Check back our full write up on this TYC earnings report later!

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
TYCO INTL PLC (TYC): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research