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Allegion Shares Drop 7% Over Lower Earnings In Q1

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

Shares of Allegion plc (ALLE) are moving down about 7 percent on Tuesday morning trading after the company announced a decline in the first-quarter earnings to $138.1 million, or $1.59 per share, from $148.2 million, or $1.71 per share, last year.

The company's stock is currently trading at $137.59, down 7.28 percent or $10.74, over the previous close of $148.40 on the New York Stock Exchange. It has traded between $134.67 and $183.11 in the past one year.

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