Allegion PLC (ALLE) shares plummeted 5.29% in pre-market trading on Tuesday after the company reported fourth-quarter results that fell short of analyst expectations.
The security products provider reported adjusted earnings per share of $1.94 for the quarter, missing the consensus estimate of $1.99. Revenue came in at $1.033 billion, slightly below the expected $1.036 billion. The company cited weak demand in its residential business as a key factor weighing on performance, though this was partially offset by strength in commercial segments and pricing.
For the full year 2026, Allegion provided adjusted EPS guidance of $8.70 to $8.90, largely in line with analyst expectations. The company expects revenue growth of 5% to 7%, led by its Americas non-residential segment.
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