ABM Industries (ABM) Releases Earnings Results, Beats Expectations By $0.04 EPS

ABM Industries (ABM) reported quarterly earnings results on Wednesday, Jun-8-2016. The company said it had a profit of $0.31 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.27. The company posted revenue of $1257.10 million in the period, compared to analysts expectations of $1246.98 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.

ABM Industries opened for trading at $34.11 and hit $34.36 on the upside on Tuesday, eventually ending the session at $34.24, with a gain of 0.38% or 0.13 points. The heightened volatility saw the trading volume jump to 1,88,338 shares. Company has a market cap of $1,921 M.

In a different news, on Jun 7, 2016, Dean A Chin (SVP – Chief Accounting Officer) sold 937 shares at $34.50 per share price. According to the SEC, on Mar 10, 2016, James P Mcclure (Executive Vice President) sold 6,549 shares at $32.50 per share price. On Dec 28, 2015, David L Farwell (Senior Vice President) sold 769 shares at $29.21 per share price, according to the Form-4 filing with the securities and exchange commission.

ABM Industries Incorporated (ABM) is a provider of integrated facility solutions. The Company provides end-to-end integrated facilities management services to commercial governmental industrial institutional residential and retail client facilities in cities primarily throughout the United States. ABM’s capabilities include facility services energy solutions commercial cleaning maintenance and repair heating ventilation and air conditioning (HVAC) electrical landscaping parking and security through stand-alone or integrated solutions. The Company’s onsite businesses consist of Janitorial Facility Services Parking and Security segments. Its mobile and on-demand businesses consist of the Building & Energy Solutions segment and certain unconsolidated affiliates that provide facility solutions primarily to the U.S. Government which complement the other operations of the Building & Energy Solutions segment. The Company’s new segment Other is comprised of Air Serv.

ABM Industries

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