ADT shares decline while revenue beats Street

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ADT Inc. shares declined in the extended session Wednesday after the security products company’s revenue topped Wall Street estimates. ADT shares declined 3% after hours, following a 0.1% advance in the regular session to close at $12.78. The company reported a second-quarter loss of $107 million, or 14 cents a share, compared with a loss of $104 million, or 14 cents a share, in the year-ago period. Revenue rose to $1.33 billion from $1.28 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of 14 cents a share on revenue of $1.25 billion. For the year, ADT expects revenue of $5.05 billion to $5.3 billion, while analysts had forecast revenue of $5.19 billion.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.