ADT’s Strategic Shifts Pay Off As Q4 EPS Beat Expectations: Details

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ADT Inc. (NYSE:ADT) reported fourth-quarter fiscal 2023 sales decline of 7.2% year-on-year to $1.22 billion, missing the consensus of $1.44 billion.

Adjusted EPS was $0.25, beating the consensus of $0.04. The end-of-period recurring monthly revenue (RMR) of $353 million rose 4% YoY.

Trailing 12-month gross customer revenue attrition was 12.9%, a 10-basis-point improvement versus the prior year period.

Total Consumer and Small Business revenue was $1.2 billion …

Full story available on Benzinga.com