ADT shares leap 7% on jump in Q3 revenue

Tue, 12 Nov 2019 21:22:41 GMT

ADT Inc. shares jumped 7% in after-hours trading Tuesday after the residential and commercial security company reported a vault in third-quarter revenue. ADT reported a net loss of $182 million, or 25 cents a share, compared with a net loss of $236 million, or 31 cents, in the year-ago period. Adjusted revenue rose 13% to $1.301 billion from $1.15 billion a year ago. Analysts surveyed by FactSet had expected a loss of 8 cents a share on revenue of $1.275 billion. ADT shares are up 29% this year. The S&P 500 index has gained 23% this year.

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