Tyco Reports Loss
July 15, 2003
Tyco International Ltd. reported a loss from continuing operations of 23 cents per share for fiscal year 2003, compared to a loss of $1.03 for the same period last year. Revenues were $9 billion, a 4 percent increase from FY 2002’s second quarter. Fire revenues increased 12 percent, due primarily to a positive impact of changes in foreign currency.