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Alarm.com Holdings, Inc. (ALRM) Tops Q3 EPS by 11c

November 7, 2018 4:19 PM

Alarm.com Holdings, Inc. (NASDAQ: ALRM) reported Q3 EPS of $0.36, $0.11 better than the analyst estimate of $0.25. Revenue for the quarter came in at $111.8 million versus the consensus estimate of $96.83 million.

“We’re pleased to report another solid quarter of growth,” said Steve Trundle, President and CEO of Alarm.com. “Our service providers continued to succeed in the market and expand their use of Alarm.com’s smart home and business services. The Alarm.com team also extended our technology advantage with the introduction of new products, including our video analytics service.”

GUIDANCE:

Q4 SaaS and license revenue is expected to be in the range of $76.3 million to $76.5 million

FY SaaS and license revenue is expected to be in the range of $289.5 million to $289.7 million. Total revenue is expected to be in the range of $407.5 million to $409.7 million, which includes anticipated hardware and other revenue in the range of $118.0 million to $120.0 million. non-GAAPadjusted net income is expected to be $1.28 per diluted share, versus the consensus of $1.20.

For earnings history and earnings-related data on Alarm.com Holdings, Inc. (ALRM) click here.

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