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News Breaks
March 3, 2014
06:13 EDTTYCTyco lowers Q2 EPS ex-items view to 39c-41c from 44c-46c, consensus 46c
As a result of the transaction, the company expects that approximately 5c of EPS in Q2 will now be reflected in discontinued operations. Therefore, the company is updating its EPS guidance solely for this reclassification. The company now expects EPS from continuing operations before special items for Q2 to be in the range of 39c-41c compared to original guidance of 44c-46c. The company will provide an update on FY14 guidance during the quarterly earnings call to be held in April.
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