DUBLIN (AP) — DUBLIN (AP) — Allegion PLC (ALLE) on Thursday reported first-quarter profit of $148.2 million.
The Dublin-based company said it had net income of $1.71 per share. Earnings, adjusted for non-recurring costs, were $1.86 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.68 per share.
The security device maker posted revenue of $941.9 million in the period.
Allegion expects full-year earnings in the range of $7.65 to $7.85 per share.
Allegion shares have dropped 3% since the beginning of the year, while the S&P's 500 index has decreased almost 9%. The stock has dropped slightly 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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