Movement Alert｜Allegion PLC Pre-Market Rise 5.06%, Q3 earnings and raised full-year outlook beat expectations

Market Focus10-22 20:08

On October 22, Allegion PLC rose 5.06% in Pre-Market Trading, trading at $168.31/share, with turnover of $1.6153 million.

The move followed a quarterly report that exceeded market expectations and included a higher full-year outlook. Allegion PLC reported fiscal third-quarter adjusted EPS of $2.60, up from $2.30 a year earlier and above the $2.50 consensus, while revenue rose to $1.17 billion from $1.07 billion, ahead of the roughly $1.14 billion expectation.

Management also raised full-year adjusted EPS guidance to $9.05-$9.10, above the $8.97 consensus, and lifted its revenue growth outlook to 9.5%-10.5%. This extends a pattern of upward revisions after the company had already increased guidance following its second-quarter results.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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