Tyco Q3 Profit Spikes - Quick Facts

(RTTNews) - Security systems firm Tyco International Ltd. (TYC) Friday reported a sharp surge in third-quarter net income attributable to common shareholders to $1.45 billion, or $3.11 per share, from last year's $135 million, or $0.28 per share.

Excluding special items, earnings per share from continuing operations were $0.54 in the recent period. On average, 13 analysts polled by Thomson Reuters expected earnings per share of $0.54 for the quarter. Analysts' estimates typically exclude one-time items.

Revenue of $2.66 billion for the quarter rose 5% compared with the prior-year figure of $2.54 billion. Eleven analysts estimated revenues of $2.65 billion for the quarter. Organic revenue grew 4% in the quarter, with growth across all segments, led by products with a 12% increase year-on-year. Acquisitions contributed 2 percentage points of growth, which was partially offset by the impact of divestitures.