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ABM Industries: Fiscal Q3 Earnings Snapshot
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NEW YORK (AP) — NEW YORK (AP) — ABM Industries Inc. (ABM) on Tuesday reported fiscal third-quarter net income of $49.7 million.

The New York-based company said it had profit of 84 cents per share. Earnings, adjusted for one-time gains and costs, were $1.04 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.

The provider of cleaning and other maintenance services for commercial buildings, hospitals and airports posted revenue of $2.32 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $2.3 billion.

ABM Industries expects full-year earnings in the range of $3.95 to $4.10 per share.

ABM Industries shares have risen 11% since the beginning of the year. The stock has decreased 2.5% in the last 12 months.

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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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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