NEW BRIGHTON, Minn. (AP) — NEW BRIGHTON, Minn. (AP) — APi Group Corporation (APG) on Thursday reported third-quarter earnings of $114 million.
On a per-share basis, the New Brighton, Minnesota-based company said it had net income of 24 cents. Earnings, adjusted for amortization costs and non-recurring costs, were 50 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The company posted revenue of $2.55 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $2.39 billion.
APi expects full-year revenue in the range of $9.2 billion to $9.25 billion.
APi shares have climbed 8% since the beginning of the year. The stock has climbed 20% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on APG at https://www.zacks.com/ap/APG
