Alarm.com Earnings Top Wall Streets Q1 Target, But Stock Falls
Summary
Home-security technology firm Alarm.com ( ALRM ) late Thursday beat Wall Streets targets for sales and earnings in the first quarter. XThe Tysons, Va.-based company earned an adjusted 34 cents a share on sales of $112.3 million in the March quarter. Salt Lake City-based Control4 beat Wall Streets target for earnings per share, but came up short on sales in the first quarter. Its stock jumped Thursday after privately held SnapAV announced a deal to buy Control4 for $680 million. Analysts expected earnings of 25 cents a share on sales of $1.19 billion, according to Zacks Investment Research.
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