ABM Industries Q1 Profit Shrinks - Quick Facts

(RTTNews) - ABM Industries Incorporated (ABM) Tuesday reported first-quarter profit of $13.1 million or $0.23 per share, down from $13.4 million or $0.24 per share in the same period last year.

Adjusted earnings for the quarter were $14.1 million or $0.25 per share. On average, eight analysts polled by Thomson Reuters expected the company to earn $0.25 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues improved 3.8 percent to $1.23 billion from $1.18 billion last year. Analysts expected revenues of $1.24 billion.

Looking ahead to the fiscal 2014, the company has forecast earnings in the range of $1.38 to $1.48 per share, with adjusted earnings ranging between $1.58 and $1.68 per share. Analysts currently expect full-year earnings of $1.63 per share.