UPDATE: ADT Posts 1.1% Rise In FQ4 Profit, Declares Dividend
ADT (NYSE: ADT) reported a 1.1% rise in its fiscal fourth-quarter profit.
ADT's quarterly profit increased to $94 million, or $0.40 per share, from $93 million, or $0.39 per share, in the year-ago period. Excluding one-time items, ADT earned $0.43 per share.
Its revenue climbed 2.3% to $812 million. However, analysts were expecting earnings of $0.43 per share on revenue of $818 million.
Its gross margin rose to 58.6% from 55.9%. The company also declared a quarterly dividend of 12.5 cents per share.
ADT shares gained 4.29% to $44.95 in pre-market trading.
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