ADT: 2Q Earnings Snapshot
BOCA RATON, Fla. (AP) _ ADT Inc. (ADT) on Wednesday reported a loss of $67 million in its second quarter.
On a per-share basis, the Boca Raton, Florida-based company said it had a loss of 9 cents. Losses, adjusted for non-recurring costs, came to 7 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The home security company posted revenue of $1.13 billion in the period.
ADT expects full-year revenue in the range of $4.5 billion to $4.55 billion.