Allegion gains as Q3 beat prompts another guidance raise
+11.02% to $176.52 from $159.00
What moved ALLE
- Allegion reported adjusted EPS of $2.60, beating the $2.50 consensus, on revenue of $1.17 billion.
- The company raised its full-year adjusted EPS guidance to a range of $9.05 to $9.10 and now expects reported revenue growth of 9.5% to 10.5%.
- Organic growth guidance was lifted to 5%-6%, driven by strength in the Americas segment, while international organic growth guidance remained at ‘down low-single digits’ due to weak European demand, particularly in Germany.
Sources: Investing.com · Benzinga