ADT posts higher quarterly profit
Jan 30 (Reuters) - Home security services company ADT Corp reported a higher quarterly profit on Wednesday and announced a $600 million accelerated share repurchase.
The company, formerly a part of Tyco, reported net earnings of $105 million, or 44 cents per share, for the first quarter ended Dec. 28, from 39 cents per share a year earlier.
The results exceeded analyst's expectations of 43 cents per chare.
Jan 30- Home security services company ADT Corp reported a higher quarterly profit on Wednesday and announced a $600 million accelerated share repurchase. The company, formerly a part of Tyco, reported net earnings of $105 million, or 44 cents per share, for the first quarter ended Dec. 28, from 39 cents per share a year earlier.