Tyco Intl. Q3 Adj. Profit Tops View, But Revenues Miss; Trims 2015 Outlook

Swiss security products maker Tyco International Ltd. reported Friday a profit for the third quarter that plunged from last year, which was boosted by asset sale gains. The results also reflected lower operating margins and a revenue drop amid currency headwinds. Adjusted earnings per share from continuing operations topped analysts’ expectations, while quarterly revenues missed their estimates.