Allegion: Q2 Earnings Snapshot

Associated Press Finance
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DUBLIN (AP) — DUBLIN (AP) — Allegion PLC (ALLE) on Wednesday reported second-quarter profit of $142 million.

The Dublin-based company said it had net income of $1.61 per share. Earnings, adjusted for non-recurring costs, came to $1.76 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.69 per share.

The security device maker posted revenue of $912.5 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $927 million.

Allegion expects full-year earnings in the range of $6.70 to $6.80 per share.

Allegion shares have climbed 21% since the beginning of the year, while the S&P's 500 index has climbed 19%. The stock has increased 23% 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 ALLE at https://www.zacks.com/ap/ALLE

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