DUBLIN (AP) — DUBLIN (AP) — Allegion PLC (ALLE) on Tuesday reported third-quarter profit of $156.3 million.
The Dublin-based company said it had profit of $1.77 per share. Earnings, adjusted for one-time gains and costs, were $1.94 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.71 per share.
The security device maker posted revenue of $917.9 million in the period.
Allegion expects full-year earnings in the range of $6.80 to $6.90 per share.
Allegion shares have fallen 7% since the beginning of the year, while the S&P’s 500 index has increased 8.5%. The stock has dropped 8% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALLE at https://www.zacks.com/ap/ALLE
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