Allegion: 4Q Earnings Snapshot

DUBLIN (AP) _ Allegion PLC (ALLE) on Tuesday reported fourth-quarter net income of $132.8 million.

On a per-share basis, the Dublin-based company said it had profit of $1.39. Earnings, adjusted for non-recurring gains, were $1.22 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.

The security device maker posted revenue of $702.4 million in the period, which met Street forecasts.

For the year, the company reported profit of $434.9 million, or $4.54 per share. Revenue was reported as $2.73 billion.

Allegion expects full-year earnings in the range of $4.75 to $4.90 per share.

Allegion shares have increased 15 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 11 percent. The stock has increased 11 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALLE at https://www.zacks.com/ap/ALLE