BOCA RATON, Fla. (AP) — BOCA RATON, Fla. (AP) — ADT Inc. (ADT) on Thursday reported first-quarter profit of $140 million.
On a per-share basis, the Boca Raton, Florida-based company said it had profit of 15 cents. Earnings, adjusted for one-time gains and costs, were 21 cents per share.
The home security company posted revenue of $1.27 billion in the period.
ADT expects full-year earnings in the range of 77 cents to 85 cents per share, with revenue in the range of $5.03 billion to $5.23 billion.
ADT shares have risen 14% since the beginning of the year, while the S&P’s 500 index has declined almost 9%. The stock has increased 24% 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 ADT at https://www.zacks.com/ap/ADT
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