Reuters: Mergers News: Tyco profit rises; split on track for September

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Tyco profit rises; split on track for September Apr 26th 2012, 10:19 April 26 | Thu Apr 26, 2012 6:19am EDT April 26 (Reuters) - Industrial conglomerate Tyco International, which is breaking up later this year, reported higher quarterly earnings on Thursday, helped by higher profit in its commercial fire and security business, and said the split-up was on track to be completed in September. Net earnings rose to $327 million, or 70 cents per share, in the second quarter ended March 30, from $315 million, or 66 cents per share, a year earlier. Earnings from continuing operations excluding special items were 86 cents a share. Sales rose 9 percent to $4.35 billion, compared to Wall Street estimates of $4.22 billion.

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