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6.50
0.76%
-0.05
After Hours:
6.50
Why is ADT Inc (ADT) Stock down?
We've noticed a 7.53% decline in ADT Inc (ADT) stock during the 2024-03-15 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
03 Nov, 2023:
ADT Inc. Stock (ADT) dropped by 5.69% from $6.50 to $6.13 in the trading on Friday November 3, 2023. The reasons why ADT stock down today include:
- Mixed Q3 earnings: Q3 Non-GAAP EPS of $0.08, beating the consensus by $0.04. Revenue of $1.2B, down 25.0% YoY, missing the consensus by $380M. Adjusted EBITDA from continuing operations of $583 million, flat compared to prior year with CSB Adjusted EBITDA of $623 million, up 6%.
- Narrowed FY23 outlook: ADT is revising its financial guidance for 2023. Total revenue of $4,950M - $5,150M vs. the consensus of $6.38B. Adjusted EPS of $0.40 - $0.45 vs. the consensus of $0.39.
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