From Fnno.com, you’re watching the Financial News Network. Tyco International (NYSE:TYC) gaining on news of its third quarter earnings. The company reported an adjusted EPS of $1.01, ex-items, above analyst estimates of $0.93. Revenues in the quarter rose 3.9% to $4.46 billion, just below estimates of $4.54 billion. The mixed results is due to the breaking up of the company which is due next month. Current CEO Ed Breen will be leaving once Tyco merges its pipe and valve business with Pentair and spin of its ADT security business into a separate company. George Oliver, president of the fire and security segment of the company, will become Tyco’s new chief executive.Despite the mixed earnings, solid sales and profit growth were seen by investors. Tyco stock is up close to 3% midday at $55.35. For more financial news and analysis, follow us on Twitter @FNNOnline, or check out our website at fnno.com
