Allegion: Q4 Earnings Snapshot

Associated Press Finance
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DUBLIN (AP) — DUBLIN (AP) — Allegion PLC (ALLE) on Tuesday reported fourth-quarter net income of $118.6 million.

On a per-share basis, the Dublin-based company said it had net income of $1.34. Earnings, adjusted for non-recurring costs, came to $1.68 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.57 per share.

The security device maker posted revenue of $897.4 million in the period.

For the year, the company reported profit of $540.4 million, or $6.12 per share. Revenue was reported as $3.65 billion.

Allegion expects full-year earnings in the range of $7 to $7.15 per share.

Allegion shares have increased 4.5% since the beginning of the year, while the S&P's 500 index has climbed almost 5%. The stock has increased 12% 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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