ADT Earnings Growth A Surprise As Clients Spend More

Investors.com http://ift.tt/1oL9Sel Security systems maker ADT (ADT) secured an unexpected earnings gain as customers bought more of its equipment and services. Fiscal third-quarter earnings per share grew 4% to 55 cents. Wall Street had expected a decline to 47 cents. Revenue rose nearly 2% to $849 million, edging past views for $848.2 million. ADT shares shot up nearly 9% soon after the opening bell in the stock market trading. They were trading up nearly 5% to 34.60 about an hour