UPDATE: ADT Posts Upbeat Q1 Profit

ADT

reported a rise in its first-quarter profit on Wednesday. ADT's quarterly net earnings surged 12.9% to $105 million, or $0.44 per share, versus $93 million, or $0.39 per share, in the year-ago period. However, analysts expected a profit of $0.43 per share. Its sales climbed 1.8% to $809 million. ADT shares closed at $46.51 yesterday.