BOCA RATON, Fla. (AP) — BOCA RATON, Fla. (AP) — ADT Inc. (ADT) on Tuesday reported fourth-quarter net income of $151 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Boca Raton, Florida-based company said it had profit of 16 cents. Earnings, adjusted for one-time gains and costs, were 10 cents per share.
The home security company posted revenue of $1.65 billion in the period.
For the year, the company reported net income of $173 million, or 19 cents per share, swinging to a profit in the period. Revenue was reported as $6.4 billion.
ADT expects full-year earnings in the range of 30 cents to 40 cents per share, with revenue in the range of $6.6 billion to $6.85 billion.
ADT shares have declined 13% since the beginning of the year, while the S&P's 500 index has increased nearly 4%. The stock has risen slightly more than 7% in the last 12 months.
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