Switzerland-based security products maker Tyco International Ltd. (TYC) posted a plunge in second-quarter net income attributable to shareholders to $72 million, or $0.16 per share, from $323 million, or $0.69 per share, a year back. On a GAAP basis, income from continuing operations dipped to $74 million, from the prior year's $134 million, negatively impacted by special items totaling $124 million after-tax or $0.26 per share, of which $0.12 was related to a legacy environmental matter at a Global Products facility in Marinette, Wisconsin.
Excluding special items, income from continuing operations was $198 million, or $0.42 per share for the latest quarter. On average, 16 analysts polled by Thomson Reuters expected earnings per share of $0.39 for the quarter. Analysts' estimates typically exclude one-time items.
Quarterly net revenue totaled $2.61 billion, up 3% compared with the previous year figure of $2.54 billion. Analysts estimated revenues of $2.59 billion for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.