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ABM Industries: Fiscal 3Q Earnings Snapshot

NEW YORK (AP) _ ABM Industries Inc. (ABM) on Thursday reported fiscal third-quarter profit of $36.8 million.

On a per-share basis, the New York-based company said it had net income of 55 cents. Earnings, adjusted for one-time gains and costs, were 60 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.

The provider of cleaning and other maintenance services for commercial buildings, hospitals and airports posted revenue of $1.65 billion in the period.

ABM Industries expects full-year earnings in the range of $1.95 to $2.05 per share.

ABM Industries shares have climbed 16% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $37.34, a rise of 17% 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