Alarm.com Holdings: Rises on Q4 beat, higher FY forecast

Alarm.com Holdings

26/02/2020 14:11

** Smart home tech provider's shares  ALRM.O  rise ~6% to
$47.5 premarket, set to end 3-day losing streak 
    ** Company's Q4 rev of $140.5 mln beats est of $113.6 mln;
adj profit of 43 cents/shr beats est of 33 cents/shr - Refinitiv
data
    ** Beats on revenue for at least eight straight quarters 
    ** ALRM expects FY rev range of $547 mln-$557.5 mln, above
est of $546.96 mln  urn:newsml:reuters.com:*:nBw7CP1RSa
    ** Forecasts adj net income attributable to common
stockholders between $1.48/shr and $1.49/shr, above est of
$1.45/shr
    ** Stock fell ~17% in 2019, after rising for four straight
years 

 (Reporting by Ayanti Bera in Bengaluru)
 ((Ayanti.Bera@thomsonreuters.com; within U.S.+1 646 223 8780,
outside U.S. +91 80 6749 3401;))