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Allegion Q2 Profit Decreases, but beats estimates

Allegion (ALLE) revealed a profit for second quarter that decreased from the same period last year but beat the Street estimates.

The company's bottom line totaled $115.1M, or $1.30 per share. This compares with $118.7M, or $1.31 per share, in last year's second quarter.

Excluding items, Allegion reported adjusted earnings of $121.1M or $1.37 per share for the period.

Analysts on average had expected the company to earn $1.33 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.5% to $773.1 million from $746.9M last year.

Allegion earnings at a glance (GAAP) :

-Earnings (Q2): $115.1M. vs. $118.7M. last year.
-EPS (Q2): $1.30 vs. $1.31 last year.
-Analyst Estimates: $1.33
-Revenue (Q2): $773.1 Mln vs. $746.9M last year.

-Guidance:
Full year EPS guidance: 5.35 to $5.45,

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