ABM Industries Q4 Profit Rises

(RTTNews) - ABM Industries Inc. (ABM) Tuesday reported fourth-quarter net income of $38.8 million or $0.68 per share, up from $27.9 million or $0.49 per share last year.

Adjusted earnings for the quarter were $0.55 per share, up from $0.47 per share last year.

Revenues for the quarter grew 6 percent to $1.28 billion from $1.20 billion last year.

Analysts polled by Thomson Reuters estimated earnings of $0.54 per share on revenues of $1.36 billion for the quarter. Analysts' estimates typically exclude special items.

For the full year 2016, the company expects adjusted income from continuing operations of $1.30 to $1.40 per share and income from continuing operations of $0.82 to $0.92 per share.

Analysts currently estimate earnings of $1.62 per share for the year.