Allegion's Q3 Earnings: Security Firm Exceeds Expectations

Allegion, the security device company, crushed its third-quarter expectations, reporting a net income of $188.4 million and revenue of $1.07 billion, exceeding Wall Street forecasts. With earnings per share soaring and an optimistic full-year outlook, Allegion's stock is up 34% year-to-date, significantly outperforming the S&P 500 and signaling strong market confidence.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.