ADT Stock Jumps On Strong Q3 Earnings: What You Need To Know
Portfolio Pulse from Vaishali Prayag
ADT Inc. (NYSE:ADT) shares rose 11.8% after reporting strong Q3 2024 earnings, with adjusted EPS of 20 cents beating estimates and revenue of $1.244 billion surpassing expectations. The company also updated its full-year guidance and declared a dividend.
October 24, 2024 | 2:50 pm
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ADT Inc. reported strong Q3 2024 earnings, with adjusted EPS of 20 cents beating the estimate of 17 cents and revenue of $1.244 billion surpassing expectations. The company updated its full-year guidance and declared a dividend, leading to an 11.8% increase in stock price.
ADT's strong Q3 earnings report, with both EPS and revenue exceeding expectations, positively impacted its stock price. The updated full-year guidance and dividend declaration further boosted investor confidence, resulting in an 11.8% increase in share price.
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