U.S. markets open in 1 hour 42 minutes

ABM Industries: Fiscal 1Q Earnings Snapshot

NEW YORK (AP) _ ABM Industries Inc. (ABM) on Wednesday reported fiscal first-quarter net income of $28 million.

The New York-based company said it had net income of 42 cents per share. Earnings, adjusted for one-time gains and costs, were 39 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.

The provider of cleaning and other maintenance services for commercial buildings, hospitals and airports posted revenue of $1.61 billion in the period.

ABM Industries expects full-year earnings in the range of $1.90 to $2.10 per share.

ABM Industries shares have dropped almost 7% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $35.12, a decline of 1.5% in the last 12 months.

_____

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