Tyco announces net sales increase

Components manufacturer Tyco Electronics has announced results for the fiscal second quarter ended 26 March, 2010, reporting a net sales increase of 27 per cent year over year and two per cent sequentially, to $2.96bn.  

GAAP earnings per share (EPS) were $0.66 for the quarter, compared to a loss per share of $7.07 in the prior-year period.  

Adjusted EPS were $0.64 in the quarter, compared to $0.14 in the prior-year quarter.