ADT Corp Earnings: Here’s Why Investors Like These Results
ADT Corp (NYSE:ADT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.09%.
ADT Corp Earnings Cheat Sheet
Revenue: Decreased 0% to $833 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.53 per share. By that measure, the company beat the mean analyst estimate of $0.44. It beat the average revenue estimate of $830.22 million.
Quoting Management: Naren Gursahaney, ADT’s Chief Executive Officer, said, “Our results for the quarter reflect solid execution on our growth and cost control initiatives. We continued to make significant progress in expanding sales of ADT Pulse with the trends in take rates demonstrating the broad appeal of the Pulse product set across all of our sales channels.”
Key Stats (on next page)…