Tyco International profit rises

By @ibtimes on

Tyco International Ltd , which is at the center of takeover speculation, reported higher quarterly net income on Thursday.

Tyco earned $315 million, or 67 cents per share, in the second quarter ended March 25, up from $310 million, or 65 cents per share, a year earlier. Earnings from continuing operations, excluding special items were 73 cents per share.

Revenue slipped 2 percent to $3.99 billion, matching forecasts. A year ago, sales included a contribution from discontinued businesses.

(Reporting by Nick Zieminski; Editing by Lisa Von Ahn)

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