NEW YORK (TheStreet) -- Shares of Tyco International (TYC) are down by 2.74% to $35.50 in pre-market trading on Friday, following the release of the company's 2015 fourth quarter financial results today.

The Ireland-based security systems company reported fourth quarter earnings of $66 million, or 61 cents per share on an adjusted basis, matching analysts' expectations for the quarter.

Revenue for the period fell by 7.3% year over year to $2.5 billion, missing analysts' $2.54 billion expectations.

Additionally, the company provided current quarter EPS guidance of 40 cents per share versus analysts' 48 cents per share expectations.

Separately, TheStreet Ratings team rates TYCO INTERNATIONAL PLC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

We rate TYCO INTERNATIONAL PLC (TYC) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.

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