Tyco Intl profit from continuing operations rises

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NEW YORK, July 31 | Thu Jul 31, 2008 6:12am EDT

NEW YORK, July 31 (Reuters) - Tyco International Ltd (TYC.N) reported higher quarterly profit from continuing operations on Thursday as each of its five divisions posted double-digit increases in operating income, and the company raised its full-year forecast.

Earnings from continuing operations before special items rose 69 percent to $429 million, or 88 cents per share, from $254 million, or 51 cents per share, a year earlier.

Analysts on average expected profit of 67 cents per share, according to Reuters Estimates.

Revenue rose 11 percent to $5.22 billion, compared with Wall Street forecasts of $5.15 billion. (Reporting by Nick Zieminski; Editing by Lisa Von Ahn)

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