DUBLIN (AP) — DUBLIN (AP) — Allegion PLC (ALLE) on Thursday reported second-quarter profit of $159.7 million.
The Dublin-based company said it had profit of $1.85 per share. Earnings, adjusted for non-recurring costs, were $2.04 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2 per share.
The security device maker posted revenue of $1.02 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $1 billion.
Allegion expects full-year earnings in the range of $8 to $8.15 per share.
Allegion shares have increased 25% since the beginning of the year, while the S&P’s 500 index has climbed 8%. The stock has climbed 29% 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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