ABM Profit Tops Estimates; Reaffirms FY Guidance

(RTTNews) - ABM Industries Inc (ABM), a provider of facility solutions, on Tuesday reported second-quarter net earnings of $18.3 million or $0.32 per share compared with $15.2 million or $0.27 per share last year.

Excluding items, adjusted earnings for the quarter were $0.37 per share compared with $0.33 per share a year ago.

Revenues for the quarter were up 3.2% at $1.27 billion compared with $1.23 billion in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.35 per share on revenues of $1.28 billion for the quarter. Analysts' estimates typically exclude special items.

For the full year 2015, the company still expects adjusted earnings of $1.75 to $1.85 per share, while analysts expect $1.79 per share.

The company also declared a third quarter cash dividend of $0.160 per share.