12:23 PM EDT, 10/24/2024 (MT Newswires) -- (Updates with the latest stock movement in the headline and the first paragraph.)

ADT (ADT) shares jumped nearly 18% in recent trading Thursday after the company posted better-than-expected Q3 adjusted earnings and revenue.

The company reported Q3 adjusted earnings of $0.20 per diluted share, up from $0.16 a year earlier.

Analysts polled by Capital IQ expected $0.17.

Revenue for the quarter ended Sept. 30 was $1.24 billion compared with $1.18 billion a year earlier.

Analysts polled by Capital IQ expected $1.22 billion.

The company now expects full-year adjusted EPS of $0.70 to $0.75, from the previous range of $0.65 to $0.75, and revenue of $4.85 billion to $4.95 billion, from the previous estimate of $4.8 billion to $5 billion. Analysts polled by Capital IQ expect $0.68 in adjusted EPS on revenue of $4.86 billion.

Price: 8.15, Change: +1.23, Percent Change: +17.70