ADT Corp. (ADT) Tops Q3 EPS by 8c

ADT Corp. (NYSE: ADT) reported Q3 EPS of $0.55, $0.08 better than the analyst estimate of $0.47. Revenue for the quarter came in at $849 million versus the consensus estimate of $848.2 million.

"Our results in the quarter reflect the progress we are making against the initiatives we identified at the beginning of the year and provide a glimpse of where we are driving the business in the future," said Naren Gursahaney, ADT's chief executive officer. "This quarter, we saw visible evidence of our efforts to solidify our core leadership position and reposition the business for growth and greater profitability. We drove sequential growth in gross additions in both channels and reduced our attrition consistent with our guidance. Stronger operational performance and our continued commitment to cost efficiency drove healthy increases in EBITDA before special items(1) and bottom line results. We also extended our leadership position in the market, launching the Pulse voice application, an industry first, driving Pulse take rates to 49% overall, and closing transactions with Protectron and Life 360. While we are pleased with our performance in the quarter, we recognize that we have more to accomplish and we remain focused on executing our plan and driving value for all of our stakeholders."

For earnings history and earnings-related data on ADT Corp. (ADT) click here.

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