Home / Markets / Industries / Industrials
Wednesday, November 04, 2009
Tyco Electronics 4th-qtr Net Off 54%
By Robert Daniel
MarketWatch Pulse
TEL AVIV -- Tyco Electronics Ltd., Schaffhausen, Switzerland, producer of electronic parts, network solutions, undersea telecom systems, and more, reported that fiscal fourth-quarter net income fell 54% on 25% lower sales. For the quarter ended Sept. 25, earnings were $93 million, or 20 cents a share, compared with $202 million, or 43 cents, in the year-earlier quarter. Adjusted earnings were 30 cents against 65 cents. Net sales fell to $2.7 billion from $3.58 billion. A survey of analysts by FactSet Research produced consensus estimates of 27 cents of profit on $2.6 billion of sales.
Copyright © 2009 MarketWatch, Inc.
Fox Business Video
-
-
The Crisis With 20/20 Hindsight
-
Nov 21, 2009
FOXBusiness.com LIVE
-
-
-
Jerry Rice Talks Career
-
Nov 21, 2009
NFL Receiver on career on the gridiron
-
-
-
John O'Hurley as Venture Capitalist
-
Nov 21, 2009
Comedian on life as venture capitalist
-
-
-
Excess Spending in Congress
-
Nov 21, 2009
Saving $100 Million
-
-
-
Cavuto Business Report 11-20-09
-
Nov 21, 2009
Business Report: Cavuto
-
