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