Tyco Tightens Full-year Guidance Range - Quick Facts

(RTTNews) - Tyco (TYC) tightened guidance range for full-year EPS before special items to $2.05 - $2.10 from previous $2.05 - $2.20. Analysts polled by Thomson Reuters expect the company to report profit per share of $2.09. Analysts' estimates typically exclude special items.

"While ongoing sluggish economic conditions in key sectors put pressure on our short-cycle product markets in the second quarter, our continued focus on productivity initiatives enabled our Integrated Solutions & Services teams to deliver better than expected margin performance. Our order pipeline and backlog continue to build, which positions us well for increased growth in the second half," said Tyco CEO George Oliver. .