Huffpost Business

Tyco Reports Billions In Loss Due To Settlement

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Diversified conglomerate Tyco International Ltd. said Tuesday it fell to a fiscal third-quarter loss due to hefty charges primarily related to a legal settlement, but adjusted results managed to top Wall Street's expectations.

The company reported a loss of $3.55 billion, or $7.18 per share, compared with a profit of $868 million, or $1.68 per share, in the previous year.

Loss from continuing operations was $3.04 billion, or $6.13 per share, versus income from continuing operations of $170 million, or 33 cents per share.