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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.