NEW YORK (AP) — NEW YORK (AP) — ABM Industries Inc. (ABM) on Thursday reported fiscal second-quarter earnings of $43.8 million.
On a per-share basis, the New York-based company said it had profit of 69 cents. Earnings, adjusted for one-time gains and costs, came to 87 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.
The provider of cleaning and other maintenance services for commercial buildings, hospitals and airports posted revenue of $2.02 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $2 billion.
ABM Industries expects full-year earnings in the range of $3.40 to $3.50 per share.
ABM Industries shares have climbed 6.5% since the beginning of the year. The stock has climbed slightly more than 5% 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 ABM at https://www.zacks.com/ap/ABM
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