<p>ADT (NYSE: ADT) revenues for the home protection company’s fiscal policy fourth quarter 2019 have ADT stocks down after Thursday Thursday. This is due to its adjusted losses per share of -3 cents, which is not close to Wall Street‘s earnings per share (EPS) of 23 cents. But its $ 1.3 billion revenue beats analysts’ estimates of $ 1.27 billion.
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Here’s what’s worth mentioning from the latest ADT revenue report.
Adjusted losses per share are 25% better than -4 cents from the same time last year. Revenue for the quarter is 9.24% higher than $ 1.19 billion in the fourth quarter of 2018. Operating profit of $ 64 million increased 481.82% compared to the previous year from $ 11 million. The ADT earnings report also includes a net loss of $ 72 million. That’s a 51.7% improvement over the company’s net loss of $ 149 million over the same period last year.
Jim DeVries, President and CEO of ADT, said this about ADT share income:
“Strong results for the fourth quarter limited a successful year for the ADT, where we showed strong growth in revenues, earnings and cash flow, while we significantly expanded product range, invested in new technology and improved our offerings.”
The ADT revenue report includes its outlook for the full year 2020. This expects revenue between $ 5 and $ 5 billion. Wall Street estimates revenue of $ 5.11 billion for the year.
The ADT share fell by 2.71% after the markets closed on Thursday after ending the day by 7.4%.
At the time of writing, William White had no position in any of the above securities.
Article printed from InvestorPlace Media, https://investorplace.com/2020/03/adt-earnings-hit-stock/.
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