Tag: Reuters

BOCA RATON, Fla.—ADT said Wednesday that its second-quarter net income rose 2 percent, an increase aided by additional customers for its ADT Pulse home automation system, according to an AP report For the period that ended March 29, ADT earned $107 million, or 47 cents per share. A year earlier the company earned $105 million (44 cents per share). On an adjusted basis, however, which excludes separation-related income, the company posted earnings per share of $0.41 for the quarter, which were...

PROVO, Utah—Vivint is considering a sale with final bids due later this month, according to a Reuters report. The report said the home automation/home security company could be valued at as much as $2 billion, and that among three private equity groups looking at the company is GTCR—owner of Protection 1, one of the nation's largest security companies.Reuters, citing unnamed sources, reported that other possible buyout firms are the Blackstone Group LP and Ares Management LLC.Contacted...