Why Alarm.com Holdings Inc. Stock Fell 18% Thursday

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.

Continue reading

Source: Fool.com