Tyco Electronics, Ltd. expected to Report Q1 2010 Results on January 25, 2010. This event was calculated by Capital IQ (Created on November 9, 2009).

To update investors on the company and its growth initiatives, strategic priorities and financial performance

Tyco Electronics Ltd. reported unaudited consolidated earnings results for the fourth quarter and year ended September 25, 2009. For the quarter, the company reported net sales of $2,698 million, operating income of $176 million and net income of $93 million or $0.20 per diluted share against net sales of $3,576 million, operating income of $205 million and net income of $202 million or $0.43 per diluted share for the same period a year ago. Income from continuing operations before income taxes and minority interest was $85 million and Income from continuing operations was $83 million or $0.18 per diluted share against income from continuing operations before income taxes and minority interest of $127 million and income from continuing operations of $88 million or $0.19 per diluted share for the same period a year ago. Included in the earnings per share from continuing operations were $0.08 per share of restructuring and other charges, $0.09 per share of income tax related charges, and $0.04 per share of income related to a gain from the early retirement of debt. This compares to $0.46 per share of net charges in the prior-year quarter. Adjusted EPS from continuing operations were $0.30 in the quarter, compared to last year's adjusted EPS of $0.65. Adjusted Operating Income was $221 million against $473 million a year ago. Net cash provided by operating activities was $542 million against $638 million a year ago. Capital expenditure was $58 million against $165 million a year ago. For the year, the company reported net sales of $10,256 million, operating loss of $3,474 million and net loss of $3,256 million or $7.09 per diluted share against net sales of $14,373 million, operating income of $1,663 million and net income of $1,782 million or $3.67 per diluted share for the same period a year ago. Loss from continuing operations before income taxes and minority interest was $3,670 million and loss from continuing operations was $3,100 million or $6.75 per diluted share against income from continuing operations before income taxes and minority interest of $2,072 million and income from continuing operations of $1,527 million or $3.14 per diluted share for the same period a year ago. Net cash provided by operating activities was $1,329 million against $989 million a year ago. Capital expenditure was $328 million against $610 million a year ago. For the first quarter of fiscal 2010, the company expects sales of $2.7 to $2.8 billion, which is flat to a 4% increase sequentially. The company expects income from operations of $190 to $220 million, which includes restructuring and other charges of approximately $60 million. Adjusted operating income is expected to be $250 to $280 million. GAAP EPS from continuing operations is expected to be $0.25 to $0.29, including restructuring and other charges of approximately $0.10 per share. Adjusted EPS from continuing operations are expected to be $0.35 to $0.39, compared to adjusted EPS of $0.21 in the prior-year period.