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Services | Security & Protection Services | Ireland
Allegion (ALLE) Q4 Earnings Beat Estimates, Revenues In Line

Allegion plc (ALLE - Free Report) reported impressive results for fourth-quarter 2018, wherein its adjusted earnings beat the Zacks Consensus Estimate and revenues matched the same.

Earnings/Revenues

Quarterly adjusted earnings came in at $1.22 per share, outpacing the Zacks Consensus Estimate of $1.21. The bottom line was also 9.9% higher than the year-ago figure. The upside can be primarily attributed to impressive sales growth and improved operating income.

For full-year 2018, Allegion’s adjusted earnings came in at $4.50 per share, up 13.6% on a year-over-year basis.

Revenues for the reported quarter came in at $702.4 million, up 12.7% year over year.

https://www.zacks.com/stock/news/355427/...es-in-line

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