NEW YORK (AP) — NEW YORK (AP) — ABM Industries Inc. (ABM) on Tuesday reported fiscal third-quarter net income of $49.7 million.
The New York-based company said it had profit of 84 cents per share. Earnings, adjusted for one-time gains and costs, were $1.04 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.
The provider of cleaning and other maintenance services for commercial buildings, hospitals and airports posted revenue of $2.32 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $2.3 billion.
ABM Industries expects full-year earnings in the range of $3.95 to $4.10 per share.
ABM Industries shares have risen 11% since the beginning of the year. The stock has decreased 2.5% 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 ABM at https://www.zacks.com/ap/ABM
