ABM Industries Beats Q2 Adjusted EPS and Revenue Estimates
ABM is trading near its 52-week low of $36.962 (9.6% above the low).
Summary
ABM Industries reported a strong Q2, with adjusted EPS of $0.90, surpassing the $0.87 IBES estimate. The company also exceeded revenue expectations, reporting $2.3 billion against an estimated $2.214 billion, and beat adjusted EBITDA estimates. This marks a positive turnaround from the previous quarter's adjusted EPS miss, suggesting improved operational performance.
At the time of this announcement, ABM was trading at $40.50 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $2.3B. The 52-week trading range was $36.96 to $52.94. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.