Tyco Profit Doubles but Misses Outlook

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Diversified manufacturer Tyco International Ltd. on Wednesday said quarterly net profit doubled, but its revenue and current-quarter outlook missed Wall Street estimates.


Sales at Tyco’s health-care business came in below analysts’ expectations due to poor demand for its retail products, such as gauze pads and diapers. The segment also took a $277 million charge to settle a patent infringement lawsuit.


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