Tyco Electronics Ltd. (TEL) reported that its fourth-quarter net earnings were $93 million or $0.20 per share, compared to $202 million or $0.43 per share in the same quarter last year.
GAAP earnings per share from continuing operations were $0.18 for the quarter, compared to $0.19 in the prior-year period. Adjusted earnings per share from continuing operations were $0.30 in the quarter, compared to $0.65 in the year ago quarter.
Net sales for the quarter were $2.70 billion, down from $3.58 billion in the prior year quarter.
For the first quarter of fiscal 2010, the company expects sales of $2.7 to $2.8 billion, which is flat to a 4 percent increase sequentially. The company expects income from operations of $190 to $220 million, which includes restructuring and other charges of approximately $60 million. Adjusted operating income is expected to be $250 to $280 million. GAAP EPS from continuing operations is expected to be $0.25 to $0.29, including restructuring and other charges of approximately $0.10 per share. Adjusted EPS from continuing operations are expected to be $0.35 to $0.39, compared to adjusted EPS of $0.21 in the prior-year period.
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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.