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Allegion plc

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Allegion’s third-quarter 2015 adjusted earnings of $0.92 per share beat the Zacks Consensus Estimate by 19.5% and climbed 35.3% year over year, supported by a decline in selling and administrative and interest expenses. Despite revenues beating the consensus mark by 2.2%, it declined 0.4% year over year due to lower sales in the Americas segment partly offset by an increase in the EMEIA segment. Allegion’s strong and diverse brand portfolio and leading market share position are encouraging. Further, the company is trying to improve long-term results by focusing on strategic acquisitions, brand support via strong advertising, regular innovations and strong cash generation. However, a strong dollar would continue to be a top-line headwind.


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