ABM Industries: Fiscal 3Q Earnings Snapshot

NEW YORK (AP) _ ABM Industries Inc. (ABM) on Tuesday reported fiscal third-quarter net income of $56 million.

The New York-based company said it had net income of 83 cents per share. Earnings, adjusted for non-recurring gains, were 75 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.

The provider of cleaning and other maintenance services for commercial buildings, hospitals and airports posted revenue of $1.39 billion in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $1.43 billion.

ABM Industries shares have fallen roughly 3% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $36.65, a drop of almost 2% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ABM at https://www.zacks.com/ap/ABM

Read More: ABM Industries: Fiscal 3Q Earnings Snapshot

Notify of
Inline Feedbacks
View all comments

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.