ADT Q2 Profit Rises - Quick Facts

(RTTNews) - ADT Corp. (ADT), a provider of security and automation solutions, Wednesday said second-quarter net income advanced to $68 million from $63 million in the previous year. Earnings per share rose to $0.40 from $0.34.

Adjusted earnings per share totaled $0.47, and includes a $0.04 negative impact related to a marketing efficiency program. In the prior year, this totaled $0.49 per share.

On average, 9 analysts polled by Thomson Reuters expected earnings of $0.50 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $890 million from $837 million in the prior year. Recurring revenue was up 7.2 percent at $829 million. Analysts expected revenues of $885.57 million.

Looking ahead, the company now expects recurring revenue growth of 5.5 to 6 percent on a reported basis and over 6 percent in constant currency. The previous projection was for a growth of 5 to 6 percent.