ABM Industries tumbles after co misses Q3 profit estimates
07/09/2023 15:27
** Shares of integrated facility, infrastructure and
mobility solutions provider ABM Industries ABM.N fall 14.68%
to $38.23
** Co reports Q3 adj. EPS of $0.79/share, missing analysts'
estimates of $0.89/share - LSEG
** ABM reports Q3 net income of $52.8 mln, missing analysts'
est. of $59.22 mln
** Growth in Aviation, Education, Manufacturing &
Distribution segments partially offset by delayed projects and
lower bundled energy solutions activity within our Technical
Solutions segment - CEO Scott Salmirs
** YTD, ABM down 11.61%
(Reporting by Abhinav Parmar in Bengaluru)
((Abhinav.Parmar@thomsonreuters.com))