BOCA RATON, Fla. (AP) — BOCA RATON, Fla. (AP) — ADT Inc. (ADT) on Monday reported fourth-quarter net income of $145 million.
The Boca Raton, Florida-based company said it had net income of 17 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 23 cents per share.
The home security company posted revenue of $1.28 billion in the period.
For the year, the company reported profit of $596 million, or 67 cents per share. Revenue was reported as $5.13 billion.
ADT shares have dropped almost 1% since the beginning of the year, while the S&P’s 500 index has stayed nearly flat. The stock has decreased 2% 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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