APi Group Corp (APG) announced earnings for its second quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $69 million, or $0.22 per share. This compares with $48 million, or $0.12 per share, in last year's second quarter.
Excluding items, APi Group Corp reported adjusted earnings of $136 million or $0.49 per share for the period.
Analysts on average had expected the company to earn $0.47 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 2.3% to $1.730 billion from $1.771 billion last year.
APi Group Corp earnings at a glance (GAAP) :
-Earnings (Q2): $69 Mln. vs. $48 Mln. last year.
-EPS (Q2): $0.22 vs. $0.12 last year.
-Revenue (Q2): $1.730 Bln vs. $1.771 Bln last year.
-Guidance:
Next quarter revenue guidance: $1.860-$ 1.910 Bln
Full year revenue guidance: $7.150-$7.350 Bln
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