Tyco Posts Higher Earnings
Tyco (TYC) posted 39 cents vs. 27 cents first quarter EPS on a 7.6% revenue rise. The company sees second quarter revenue growth of 6% to 7% and operating margin excluding special items of 12.5% to 13.0%. It expects its separation into three publicly traded companies to occur early in the second quarter of calendar year 2007.
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