DUBLIN (dpa-AFX) - Allegion Plc. (ALLE) revealed a profit for its second quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $155.4 million, or $1.77 per share. This compares with $142.0 million, or $1.61 per share, in last year's second quarter.
Excluding items, Allegion Plc. reported adjusted earnings of $171.7 million or $1.96 per share for the period.
Analysts on average had expected the company to earn $1.84 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 5.8% to $965.6 million from $912.5 million last year.
Allegion Plc. earnings at a glance (GAAP) :
-Earnings (Q2): $155.4 Mln. vs. $142.0 Mln. last year. -EPS (Q2): $1.77 vs. $1.61 last year. -Revenue (Q2): $965.6 Mln vs. $912.5 Mln last year.
-Guidance: Full year EPS guidance: $7.15 to $7.30
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2024 AFX News
