ABM Q1 Profit Tops Estimate

By RTT News,  March 04, 2013, 05:30:00 PM EDT


(RTTNews.com) - ABM Industries Inc. ( ABM ) reported net income for the first quarter of $13.4 million or $0.24 per share, compared to $10.6 million or $0.20 per share for the year-ago quarter.

Excluding items, adjusted earnings for the first quarter were $14.7 million or $0.26 per share, compared to $11.8 million or $0.22 per share in the prior year quarter.

Revenues for the first quarter rose 10% to $1.18 billion from $1.07 billion last year, primarily due to $100.4 million in contributions from recent acquisitions.

Analysts polled by Thomson Reuters expected the company to earn $0.22 per share on revenue of $1.17 billion for the first quarter. Analysts' estimates typically exclude special items.

For fiscal year 2013, the company forecast earnings from continuing operations of $1.16 to $1.26 per share and adjusted earnings from continuing operations of $1.35 to $1.45 per share. Analysts currently expect the company to earn $1.36 per share for the fiscal year 2013.

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This article appears in: News Headlines

Referenced Stocks: ABM, TRI



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