ADT Corp. Q4 Profit Climbs, Meets Street - Quick Facts

(RTTNews) - The ADT Corp. (ADT), Wednesday reported an increase in its fourth-quarter net income, reflecting slightly higher revenues. On an adjusted basis, earnings per share came in line with the consensus estimates.

Net income for the period was $96 million or $0.45 per share, compared with $94 million or $0.40 per share last year.

Excluding special items for the separation from Tyco, and merger and restructuring costs, earnings per share were $0.46. On average, nine analysts polled by Thomson Reuters expected the company to report earnings per share of $0.46 for the quarter. Analysts' estimates typically exclude one-time items.

Earnings per share before special items at cash tax rates were $0.75 for the quarter. EBITDA before special items were $431 million, compared with $401 million a year earlier.

Total revenues for the three-month period improved 4.2 percent to $846 million, from prior year's $812 million. Analysts expected the company to $842.44 million. Recurring revenue increase 4.7 percent to $777 million.

Looking forward, for fiscal 2014, the company expects recurring revenue and total revenue growth of 4 percent - 5 percent.