Shares of ABM Industries Inc. (NYSE: ABM) jumped about 4% by afternoon trade after the integrated building security solutions provider reported late on Monday that fiscal second quarter income climbed 65%, thanks to recent acquisitions that boosted its top-line growth. For the fiscal second quarter, ABM reported adjusted/non-GAAP earnings of $20.2 million or 36 cents a share compared to $16.3 million or 30 cents a share, in the same quarter of last year. Analysts polled by Thomson Reuters were expecting earnings of 33 cents a share. Revenue jumped 11% to $1.17 billion from $1.06 billion but fell short of analysts’ consensus estimate for $1.18 billion.
Continue reading Major Movers on June 4; ABM, ET, DG, GIII, ULTA