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ADT's Q2 Adjusted Income Flat, Revenue Rises; 2024 Adjusted EPS Guidance Lifted
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ADT's Q2 Adjusted Income Flat, Revenue Rises; 2024 Adjusted EPS Guidance Lifted
Aug 1, 2024 6:48 AM

09:28 AM EDT, 08/01/2024 (MT Newswires) -- ADT (ADT) reported Q2 adjusted income Thursday of $0.17 per diluted share, unchanged from a year earlier.

Four analysts polled by Capital IQ expected $0.17.

Total revenue for the quarter ended June 30 was $1.21 billion, up from $1.17 billion a year earlier.

Three analysts polled by Capital IQ expected $1.21 billion.

For full-year 2024, the company said it now expects 2024 adjusted EPS of $0.65 to $0.75, up from its prior guidance of $0.60 to $0.70. Analysts surveyed by Capital IQ expect $0.69.

Meanwhile, the company reiterated its 2024 revenue guidance of $4.80 billion to $5 billion. Four analysts polled by Capital IQ expect $4.88 billion.

The company's board also maintained its cash dividend at $0.055 per share, payable Oct. 4 to shareholders of record as of Sept. 13.

Price: 7.79, Change: +0.01, Percent Change: +0.13

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