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Stock impact report

Why Allegion (ALLE) Stock Is Down Today [Yahoo! Finance]

Allegion plc Ordinary Shares (ALLE) 
Last allegion plc ordinary shares earnings: 4/23 05:50 am Check Earnings Report
US:NYSE Investor Relations: investor.allegion.com
Company Research Source: Yahoo! Finance
The company posted adjusted earnings per share of $1.80, falling short of the consensus estimate of $1.90 and declining from $1.86 in the same quarter last year. Profitability also came under pressure, with the company's operating margin falling to 18.9% from 20.9% a year ago. While revenue grew 9.7% year-over-year to $1.03 billion and narrowly beat expectations, the underlying performance was less impressive. Organic revenue, which strips out acquisitions and currency fluctuations, grew by only 2.6%, suggesting weaker core demand for its products. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Allegion? Access our full analysis report here, it's free What Is The Market Telling Us Allegion's shares are not very volatile and have only had 3 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not b Show less Read more
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