ADT - ADT reports mixed Q2 earnings; narrows FY23 revenue outlook
2023-08-08 07:00:19 ET
- ADT press release ( NYSE: ADT ): Q2 Non-GAAP EPS of $0.16 beats by $0.10 .
- Revenue of $1.6B (flat Y/Y) misses by $60M .
- Adjusted EBITDA of $651 million, up $54 million.
- Outlook: As a result of the announced agreement to divest the commercial business, the commercial business is expected to be reported as discontinued operations beginning in the third quarter of 2023. Full year Commercial results are included in guidance, pending the close of the transaction.
- Total Revenue of $6,300M - $6,500M vs. consensus of $6.71B; Adjusted EPS of $0.30 - $0.40 vs. consensus of $0.34; Adjusted Free Cash Flow of $525M - $625M.
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ADT reports mixed Q2 earnings; narrows FY23 revenue outlook