Tuesday, 08 May 2007

UPDATE 2-Tyco quarterly profit down on charges

(Reuters) - Net earnings fell 6.7 percent to $835 million, or 41 cents a share, in Tyco's fiscal second quarter, from $895 million, or 43 cents, a year earlier.

Excluding discontinued operations and charges for Tyco's restructuring, earnings from continuing operations were 49 cents cents per share, beating analysts' average forecast by 2 cents, according to Reuters Estimates.


Read more at Reuters.com Market News

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