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Alarm.com tops Street 4Q forecasts

TYSONS, Va. (AP) _ Alarm.com Holdings Inc. (ALRM) on Wednesday reported fourth-quarter earnings of $3 million.

On a per-share basis, the Tysons, Virginia-based company said it had net income of 6 cents. Earnings, adjusted for one-time gains and costs, were 19 cents per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.

The security service company posted revenue of $69.8 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $64 million.

For the year, the company reported net income of $10.1 million, or 21 cents per share, swinging to a profit in the period. Revenue was reported as $261.1 million.

Alarm.com expects full-year earnings in the range of 73 cents to 75 cents per share, with revenue in the range of $322 million to $325.5 million.

Alarm.com shares have risen 10 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $30.63, a rise of 43 percent in the last 12 months.

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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

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Keywords: Alarm.com Holdings, Earnings Report