ADT Corp. (ADT) Misses Q1 EPS by 21c

ADT Corp. (NYSE: ADT) reported Q1 EPS of ($0.07), $0.21 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $1.31 billion versus the consensus estimate of $1.27 billion.

“The priority for ADT in 2021 is to drive revenue expansion through investments in new subscriber growth, strategic partnerships, and exceptional customer service. Our first quarter results show that the strategy is working – we grew RMR additions by double-digits and increased our net subscribers, while also maintaining our revenue payback at 2.2 years,” stated Jim DeVries, ADT’s President and CEO. “We have good momentum in the business as we continue to expand and enhance our offerings to protect our customers at home, at work, and on the go.”

GUIDANCE:

ADT Corp. sees FY2021 revenue of $5.05-5.25 billion, versus the consensus of $5.17 billion.

For earnings history and earnings-related data on ADT Corp. (ADT) click here.

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