Security monitoring firm ADT (ADT) met profit expectations in its first report after spinning off from Tyco Int'l in late Sept. The company said Q4 EPS rose 4.9% to 43 cents, and revenue grew 2.3% to $812 mil, missing projections of $818.2 mil. The number of customers who canceled services climbed to 13.8% after the company raised rates in Q2 and Q3. Still, it ended the period with 6.4 mil customer accounts, up 1.1% from a year ago. ADT, which has an IBD Composite Rating of 93, an EPS Rating of 82 and a Relative Strength Rating of 93, also announced up to $2 bil in stock buybacks over 3 years. Shares rose 1.1% to 43.57.
- Investment & Company Information