NEW YORK (TheStreet) -- Shares of ADT Corp (ADT) were gaining 4.5% to $37.24 in pre-market trading Wednesday after the security company beat analysts' estimates for earnings and revenue in the fiscal fourth quarter.
ADT reported earnings of 55 cents a share for the fiscal fourth quarter, beating the Capital IQ Consensus Estimate of 48 cents a share by 7 cents. Revenue grew 4.4% year over year to $883 million for the quarter, above analysts' estimates of $877.86 million.
The company said it expects recurring revenue growth of between 5% and 6% and EBITDA before special items growth of $70 million to $100 million for fiscal 2015.
TheStreet Ratings team rates ADT CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate ADT CORP (ADT) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
You can view the full analysis from the report here: ADT Ratings Report