Tyco International Beats on Both Top and Bottom Lines
Tyco International (NYS: TYC) reported earnings on Jan. 29. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 28 (Q1), Tyco International beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Tyco International chalked up revenue of $2.60 billion. The 10 analysts polled by S&P Capital IQ expected to see a top line of $2.57 billion on the same basis. GAAP reported sales were 38% lower than the prior-year quarter's $4.21 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.40. The 14 earnings estimates compiled by S&P Capital IQ predicted $0.39 per share. GAAP EPS of $0.35 for Q1 were 51% lower than the prior-year quarter's $0.71 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 35.8%, 370 basis points worse than the prior-year quarter. Operating margin was 9.6%, 340 basis points worse than the prior-year quarter. Net margin was 6.3%, 160 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.60 billion. On the bottom line, the average EPS estimate is $0.42.
Next year's average estimate for revenue is $10.69 billion. The average EPS estimate is $1.83.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 485 members out of 530 rating the stock outperform, and 45 members rating it underperform. Among 141 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 136 give Tyco International a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Tyco International is outperform, with an average price target of $30.83.
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The article Tyco International Beats on Both Top and Bottom Lines originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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