BOCA RATON, Fla. (AP) — BOCA RATON, Fla. (AP) — ADT Inc. (ADT) on Thursday reported first-quarter net income of $92 million, after reporting a loss in the same period a year earlier.
The Boca Raton, Florida-based company said it had net income of 10 cents per share. Earnings, adjusted for one-time gains and costs, came to 16 cents per share.
The home security company posted revenue of $1.21 billion in the period.
ADT expects full-year earnings in the range of 60 cents to 70 cents per share.
ADT shares have dropped 6.5% since the beginning of the year, while the S&P’s 500 index has increased slightly more than 6%. The stock has fallen 6.5% 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 ADT at https://www.zacks.com/ap/ADT
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