By Kelly Cloonan
Shares of ABM Industries declined after the company backed its profit guidance for the year, missing Wall Street's expectations.
The stock fell 15% to $43.81 on Friday. Shares have declined 20% in the last three months.
The facility-management company maintained its guidance for full-year adjusted earnings of $3.65 to $3.80 per share, the midpoint of which is below the $3.77 expected by analysts polled by FactSet.
Prior to the market open, the company posted a second-quarter profit of $42.2 million, or 67 cents a share, compared with $43.8 million, or 69 cents a share, a year earlier.
Adjusted earnings per share were 86 cents, matching analyst estimates according to FactSet.
Revenue rose 4.6% to $2.11 billion, beating analyst expectations of $2.06 billion.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
June 06, 2025 13:34 ET (17:34 GMT)
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