logo
  Join        Login             Stock Quote

ADT Corp. (ADT) 4Q Earnings, Revenue Rise; Guides 2013

 November 27, 2012 06:46 AM


(By Balachander) ADT Corp. (NYSE: ADT), provider of electronic security services,reported an increase in quarterly profit, helped by growth in recurring revenue.

Earnings per share (EPS) before special items increased 4.9 percent to 43 cents, in line with market expectations.

Net income grew 1.1 percent to $94 million for the quarter and 4.8 percent to $394 million for 2012.

Revenue rose 2.3 percent to $812 million, while consensus estimates $818.23 million for the fourth quarter.

Recurring revenue, which generated over 90 percent of total revenue in the quarter, grew 5.2 percent, driven by 4.4 percent growth in average revenue per customer, the company noted.

[Related -Improve The Productivity Of Your Dividend Growth Portfolio With Technology]

ADT said it added 284,000 new customers and closed the quarter with 6.4 million customer accounts, 1.1 percent higher than last year.

The company has authorized repurchase of $2.0 billion of its common stock. The program expires on November 27, 2015.

ADT also declared a quarterly dividend of $0.125 per share, payable December 18, 2012 to shareholders of record on December 10, 2012.

Looking ahead for the fiscal year 2013, the Boca Raton, Florida-based company expects recurring revenue growth of 4.9 percent to 5.2 percent from $2.9 billion in 2012.

Last month, ADT made its debut as an independent public company after completing its spinoff from Tyco International Ltd.

ADT shares ended Monday's regular trading session at $43.10. The stock has been trading in the 52-week range between $34.68 and $44.97.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageShould You Invest In The Hottest New Trend In Finance?

Thanks to major changes in regulation, social media and technology, the business of banking has undergone read on...

article imageStrong Attractor in Action Pulling S&P 500 Down

The attractor is formed by the 200-day moving average and the 50% Fibonacci retracement of the up move from read on...

article imageIs The Weak Housing Market A Warning Sign For The US Economy?

Today’s US economic releases – housing starts and business survey data for the manufacturing sector – read on...

article imageShort-term Pullback or Something Worse?

A few weeks ago when we called for a short-term pullback of 4 to 5%, it was due solely to the short-term read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.