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Wednesday, November 04, 2009
Tyco Sees Q1 Adjusted Net 35c To 39c-share
By Robert Daniel
MarketWatch Pulse
TEL AVIV -- Tyco Electronics Ltd., Schaffhausen, Switzerland, producer of electronic parts, network solutions, undersea telecom systems, and more, on Wednesday estimated that for the fiscal 2010 first quarter, it would earn 25 cents to 29 cents a share from continuing operations, including 10 cents of restructuring and other charges. Adjusted earnings are seen at 35 cents to 39 cents, versus 21 cents in the year-earlier quarter. Sales will come in at $2.7 billion to $2.8 billion, which ranges from even with the year earlier to 4% higher, Tyco Electronics estimated. A survey of analysts by FactSet Research produced a consensus estimate of 28 cents of profit.
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