ADT: 3Q Earnings Snapshot
BOCA RATON, Fla. (AP) _ ADT Inc. (ADT) on Wednesday reported a loss of $236 million in its third quarter.
On a per-share basis, the Boca Raton, Florida-based company said it had a loss of 31 cents. Losses, adjusted for non-recurring costs, were 2 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.
The home security company posted revenue of $1.15 billion in the period.
ADT expects full-year revenue in the range of $4.53 billion to $4.55 billion.