ADT Reiterated FY24 Revenue Of $4.8B-$5.0B Vs $4.91B Est, Adj EPS Of $0.65-$0.75 Vs $0.69 Est
Portfolio Pulse from Benzinga Newsdesk
ADT has reiterated its FY24 revenue guidance of $4.8B-$5.0B, with an adjusted EPS of $0.65-$0.75. The company has updated its EPS range to reflect the solar business as a discontinued operation.
August 01, 2024 | 10:58 am
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ADT has reiterated its FY24 revenue guidance of $4.8B-$5.0B and updated its adjusted EPS range to $0.65-$0.75, reflecting the solar business as a discontinued operation.
The reiteration of revenue guidance and the update to the EPS range, reflecting the solar business as a discontinued operation, provides clarity and stability for investors. This is likely to have a positive short-term impact on ADT's stock price.
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