Alarm Quarterly Earnings Beat Views, Full-Year Profit Outlook Light

Alarm Quarterly Earnings Beat Views, Full-Year Profit Outlook Light

Alarm.com’s ( ALRM ) full-year EPS guidance was light after the company reported September quarter profit that topped views.

Shares in the cloud security and automation software firm were down 2% to 46 in after-hours trading on the stock market today . Alarm had shot up 67% in 2017 as of Wednesday’s market close.

Alarm.com said Wednesday that adjusted third-quarter earnings 27 cents a share, up 42% from a year ago, with revenue rising 33% to $90 million, topping consensus estimates. A year earlier, Alarm.com earned 19 cents a share on sales of $68 million.

Analysts expected Alarm.com, ranked No. 16 in the IBD 50 roster of growth stocks, to report earnings of 19 cents on sales of $83 million for the period ended Sept. 30.

For full-year 2017, the company forecast earnings in the range of 87 cents to 88 cents per share vs. consensus estimates of 97 cents. Alarm.com said it expects revenue of $334.4 million at its midpoint of guidance vs. estimates of $328.4 million.

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