LOGO
LOGO

Quick Facts

ADT Q1 Profit Down, But Revenue Increases; Confirms Full-year Outlook

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

ADT Inc. (ADT), a provider of security, interactive, and smart home solutions, Thursday reported income from continuing operations of $142 million or $0.16 per share for the first quarter, lower than $164 million or $0.17 per share in the same quarter a year ago.

Excluding one-time items, income from continuing operations was $186 million, or $0.21 per share, that beat the consensus estimate of $0.19 per share. Analysts' estimates typically exclude special items.

Revenue for the quarter increased by 7% to $1.267 billion from $1.190 billion in the previous year.

The company's Board has declared a dividend of $0.055 per share to be paid on July 8, to shareholders of record on June 12.

For the full-year, the company continues to expect revenue in the range of $5.025 billion - $5.225 billion and adjusted EPS of $0.77 - $0.85. Analysts expect the company to report earnings of $0.82 per share on revenue of $5.12 billion for the year.

For comments and feedback contact: editorial@rttnews.com

Business News

Global Economics Weekly Update - Jun 01 - Jun 05, 2026

June 05, 2026 16:18 ET
A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.

RELATED NEWS
Latest Updates on COVID-19