TyCom, the undersea fiber-optic network spinoff of Tyco, posted a
fourth-quarter profit, excluding one-time IPO-related charges, of $89.9
million, or 18 cents a share, compared with net income of $41 million, or 9
cents a share, for the same period last year. Wall Street expected the
company to earn 10 cents a share, according to First Call/Thomson Financial.
TyCom's quarterly revenue increased to $587.5 million, up from $506.7. In
July, TyCom offered stock in the company via an initial public stock