Jun. 6 at 6:33 PM
$ABM ABM Industries ABM shares fell 15% to
$43.81 on Friday after the company reaffirmed its full-year profit guidance, falling short of Wall Street expectations. The stock is down 20% over the past three months.
The company maintained its adjusted earnings forecast for the year at
$3.65 to
$3.80 per share, with a midpoint of
$3.73—slightly below the
$3.77 expected by analysts surveyed by FactSet.
Before the market opened, ABM reported second-quarter net income of
$42.2 million, or
$0.67 per share, down from
$43.8 million, or
$0.69 per share, a year earlier. Adjusted earnings came in at
$0.86 per share, matching analyst estimates.
Revenue rose 4.6% to
$2.11 billion, beating the
$2.06 billion expected.
