TYSONS, Va. (AP) _ Alarm.com Holdings Inc. (ALRM) on Thursday reported first-quarter net income of $9 million.
The Tysons, Virginia-based company said it had profit of 18 cents per share. Earnings, adjusted for one-time gains and costs, were 34 cents per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.
The security service company posted revenue of $112.3 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $102.1 million.
Alarm.com expects full-year earnings in the range of $1.37 to $1.41 per share, with revenue in the range of $447.3 million to $454.2 million.
Alarm.com shares have climbed 34% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $69.66, an increase of 76% 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 ALRM at https://www.zacks.com/ap/ALRM