ADT Q1 Profit Down, Adj. EPS Beats Estimates

(RTTNews) - ADT Corp. (ADT) Tuesday announced 11.1 percent decline in first quarter net income to $64 million from $72 million in the previous year. On a per share basis, earnings declined 4.9 percent to $0.39 from $0.41 last year. Adjusted net income for the quarter was $81 million or $0.49 per share.

On average, 9 analysts polled by Thomson Reuters expected the company to earn $0.46 per share. Analysts estimates usually exclude special items.

Revenue for the quarter increased 1.5 percent to $900 million from $887 million a year ago. Wall Street expected the company to record revenue of $905.62 million.