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ABM Industries Inc Q1 Profit Falls

ABM Industries Inc (ABM) announced earnings for first quarter that decreased from last year.

The company said its profit came in at $17.4 million, or $0.26 per share. This was down from $21.5 million, or $0.38 per share, in last year's first quarter.

Analysts had expected the company to earn $0.26 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 19.5% to $1.59 billion. This was up from $1.33 billion last year.

ABM Industries Inc earnings at a glance:

-Earnings (Q1): $17.4 Mln. vs. $21.5 Mln. last year.
-Earnings Decline (Y-o-Y): -19.1%
-EPS (Q1): $0.26 vs. $0.38 last year.
-EPS Decline (Y-o-Y): -31.6%
-Analysts Estimate: $0.26
-Revenue (Q1): $1.59 Bln vs. $1.33 Bln last year.
-Revenue Change (Y-o-Y): 19.5%

Full year EPS guidance: $2.00 - $2.10

by RTT Staff Writer

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