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Allegion: Q2 Earnings Snapshot

Last Updated Jul 22, 2021 at 3:44 am MDT

DUBLIN (AP) _ Allegion PLC (ALLE) on Thursday reported second-quarter net income of $118.7 million.

The Dublin-based company said it had net income of $1.31 per share. Earnings, adjusted for non-recurring costs, were $1.32 per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.

The security device maker posted revenue of $746.9 million in the period.

Allegion expects full-year earnings in the range of $5.25 to $5.40 per share.

Allegion shares have risen 21% since the beginning of the year, while the S&P’s 500 index has risen 16%. The stock has climbed 28% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALLE at https://www.zacks.com/ap/ALLE

The Associated Press