ABM Industries rises on FY24 forecast raise, revenue estimates beat
06/09/2024 14:18
** Shares of ABM Industries ABM.N rise 9% to $61 premarket
on forecast raise
** Company now forecasts FY24 adj EPS from $3.48 to $3.55,
up from prior range of $3.40 to $3.50
** ABM Q3 rev of $2.1 bln, beat analysts' average estimates
of $2.03 bln - LSEG data
** Two of eight brokerages rate the stock "buy" or higher
and six "hold"; their median PT is $52 - LSEG
** Up to Thursday's close, stock up 25% YTD
(Reporting by Anshuman Tripathy in Bengaluru)
((Anshuman.Tripathy@thomsonreuters.com))