Tyco updates its Q4 outlook after figuring some aged China receivables may not be collectible....


Tyco updates its Q4 outlook after figuring some aged China receivables may not be collectible. The company's taking a charge of $40M-$60M to increase reserves and cut its revenue guidance by $25M. The firm also reduced operating margin expectations in the Fire & Security segment to 11.2%-12% rather than 13.5%, and in the ADT residential/small business segment to 23.5%-23.75%.

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs