Why Alarm.com Holdings Inc. Stock Fell 18% Thursday
Shares of home-technology company Alarm.com (NASDAQ: ALRM) fell as much as 18% on Thursday, following the company's third-quarter earnings release. The stock is down about 15% at the time of this writing.
While Alarm.com's third-quarter revenue and adjusted earnings per share (EPS) were higher than expected, investors may be disappointed in Alarm.com's worse-than-expected outlook for full-year profitability. Alarm.com management said it expects full-year adjusted EPS to be between $0.87 and $0.88. On average, analysts were expecting full-year EPS of $0.97.
Image source: Getty Images.
Source: Fool.com
Alarm.com Holdings Inc Stock
€60.50
-4.070%
The community is currently still undecided about Alarm.com Holdings Inc with 2 Buy predictions and 0 Sell predictions.
At the moment Alarm.com Holdings Inc has reached the predicted target price of 61 €, with a current price of 60.5 €.
