UPDATE: Tyco FQ3 Net Profit Drops 45%
July 26, 2013 at 06:34 AM EDT
Tyco International (NYSE: TYC ) reported a 45% drop in its fiscal third-quarter earnings. Tyco's quarterly profit fell to $135 million, or $0.28 per share, from $246 million, or $0.52 per share, in the year-ago period. Excluding one-time items, its adjusted earnings from continuing operations surged to $0.50 from $0.47
