beat analysts' first-quarter earnings estimates by a penny, as each of its segments reported solid gains in revenue, operating profit and cash flow.
Tyco, which is based in Pembroke, Bermuda, reported earnings of 57 cents a share in the first fiscal quarter, beating the
First Call/Thomson Financial
estimate of 56 cents a share. The earnings represent a 24% increase over a year ago, when Tyco reported a profit of 46 cents.
Income for the quarter ended Dec. 31 rose 28% to $1.01 billion from $784.3 million last year. Sales for the quarter rose 21% to $8.02 billion from $6.64 billion.
Shares of the maker of fire sprinklers, diapers, circuit boards and fiber-optic cables fell $1.19, or 2%, to $58.44 on the
New York Stock Exchange