ADT 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.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in