Alarm.com: 3Q Earnings Snapshot
TYSONS, Va. (AP) _ Alarm.com Holdings Inc. (ALRM) on Wednesday reported a third-quarter loss of $7.7 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Tysons, Virginia-based company said it had a loss of 16 cents. Earnings, adjusted for one-time gains and costs, came to 36 cents per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.
The security service company posted revenue of $111.8 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $96.8 million.
Alarm.com expects full-year earnings to be $1.28 per share, with revenue in the range of $407.5 million to $409.7 million.
Alarm.com shares have increased 25 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $47.25, a climb of 2.5 percent in the last 12 months.