With operations in more than 900 locations across 50 countries serving diversified end markets, Tyco (TYC) is the world's largest pure-play fire protection and security firm. The company fills an incredibly wide range of needs for businesses, governments, commercial industries, educational and medical institutions, with a portfolio of leading brand names for products and services under all its operating segments.
However, TYC’s business strategy hinges on acquiring complementary companies that consume significant resources and entail huge integration costs. With rising operating expenses gradually weighing on margins, investors have been eagerly waiting for the company’s latest earnings report.
Currently, TYC has a Zacks Rank #3 (Hold), but that could definitely change following the company’s earnings report, which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: TYC exactly matches earnings estimate. The Zacks Consensus Estimate called for EPS of 49 cents, and the company reported operating EPS of 49 cents.
Revenue: Total revenue missed. TYC posted total revenue of $2,479 million, compared with Zacks Consensus Estimate of $2,500 million.
Key Stats to Note: TYC reported six consecutive quarters double-digit earnings growth, with healthy organic growth and accretive acquisitions. The company is leveraging on its operating platform strength to drive higher revenue in the coming quarters.
Stock Price: Shares remained flat in pre-market trading following the release at the time of this write-up.
Check back our full write up on this TYC earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Be the first to comment