Pest control firm Rollins falls as residential revenue disappoints
14/02/2024 22:22
** Shares of pest control firm Rollins fall 7.6% to $40.89
in extended trade after co reports Q4 results
** While co edges past market expectations for Q4 revenue,
organic revenue from its residential business disappoints on
softer demand for pest control services in the United States in
the reported quarter
** Rollins' organic residential revenue rose 4.7% to $302.1
million in Q4 from a year earlier
** Total Q4 revenue rose 14% to $754.1 million, topping LSEG
estimate of $753.4 million
** In 2023, stock rose about 19%
(Reporting by Juveria Tabassum in Bengaluru)
((Juveria.Tabassum@thomsonreuters.com;))