ADT Jumps Most Since July After Seeing 2016 Subscriber Gain
- Revenue forecast implies full-year sales of $3.73 billion
- Rally follows third-quarter profit that exceeded estimates
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ADT Corp., the provider of security services for residences and small businesses, jumped the most in more than three months after predicting growth in its subscriber base for the coming year.
Revenue for fiscal 2016 will rise as much as 4.5 percent, ADT said Tuesday. That implies sales of as much as $3.73 billion, compared with the $3.72 billion average of analysts’ estimates compiled by Bloomberg. The current fiscal year will end Sept. 30, spanning 53 weeks as the company shifts to the new concluding date.