ADT Q1 Profit Down, But Tops View

(RTTNews) - The ADT Corp. ( ADT) Wednesday reported a lower second-quarter net income of $63 million or $0.34 per share versus $107 million or $0.47 per share in the year-ago period. Earnings per share before special items amounted to $0.49.On average, 8 analysts polled by Thomson Reuters expected earnings per share of $0.43 for the quarter. Analysts' estimates typically exclude one-time items. For the second quarter revenues were up 1.9 percent to $837 million from $821 million last year. Analysts estimated revenues of $ 845.36 million for the quarter. Looking forward, the company focuses on improving attrition in the second half of the year through its relocation and non-pay initiatives.