Security services provider The ADT Corporation (ADT – Analyst Report) reported relatively healthy fourth-quarter fiscal 2015 results with GAAP net income of $81 million or 48 cents per share compared with $82 million or 47 cents per share in the year-ago quarter. Although net income decreased slightly on an absolute basis, earnings per share increased year over year due to lower number of outstanding shares in the reported quarter.

Excluding non-recurring items, adjusted net income in the reported quarter was $86 million or 51 cents per share compared with $97 million or 55 cents per share in the year-ago quarter. The year-over-year decrease in adjusted earnings despite higher revenues was primarily due to higher operating costs. However, the adjusted earnings for the reported quarter beat the Zacks Consensus Estimate by 3 cents.

The ADT Corporation (ADT – Analyst Report) – Earnings Surprise | FindTheCompany