, a diversified manufacturing and service company, reported fourth-quarter income that beat analysts' expectations by a penny as growth remained strong across the company's lines of business.
The company, which makes a variety of products including undersea telecommunications systems, flow control valves and medical products, reported income of 64 cents a diluted share in the fourth quarter, compared with 46 cents a share in the year-ago period. Income before extraordinary items rose to $1.10 billion from $782.7 million last year.
According to a
First Call/Thomson Financial
survey, 14 analysts expected Tyco to earn 63 cents a share for the quarter.
Sales for the quarter rose 25% to $7.81 billion from $6.22 billion.