November 14, 2012 at 08:37 AM EST
Tyco Swings to Q4 Loss; Misses Estimates (TYC)

Fire protection and security company, Tyco International Ltd. (TYC) reported a loss for their fourth quarter, missing analysts expectations Wednesday.

The Schaffhausen, Switzerland based company reported a forth quarter net loss of $419 million, or 91 cents per share, compared with a net income of $397 million or 84 cents per share last year. Excluding special items, EPS was 33 cents for the quarter, missing analysts estimates of 38 cents per share.

Revenue was reported at $2.73 billion, down 2.5% from last years revenue of $2.8 billion. Analysts expected revenue of $2.72 billion.

The company’s loss was due to a loss in debt extinguishment and tax-related items.

For the entire year, TYC reported earnings of $472 million, or $1.02 per share, down from $1.72 billion, or $3.59 per share last year. Adjusted earnings were $1.35 per share. Looking ahead, the company is forecasting FY13 revs of $10.6 – $10.7 billion, and an EPS range of $1.75 – $1.85. The Street is estimating revenue of $10.74 billion and EPS of $1.87.

Tyco shares were down 38 cents, or -1.39% during premarket trading Wednesday.

1The Bottom Line
Shares of Tyco Internatioanl (TYC) have a 2.20% dividend yield, based on last night’s closing stock price of $27.33.

Tyco International Ltd. (TYC) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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