-=ServiceMaster (SERV) reported earnings on Tue 22 Oct 2019 (b/o)

ServiceMaster misses by $0.07, misses on revs; raises FY19 revenue guidance and lowers FY19 adjusted EBITDA guidance

Reports Q3 (Sep) earnings of $0.31 per share, excluding non-recurring items, $0.07 worse than the S&P Capital IQ Consensus of $0.38; revenues fell 39.5% year/year to $528 mln vs the $533.63 mln S&P Capital IQ Consensus.

Co issues raised revenue guidance for FY19, sees FY19 revs of $2.07-2.085 bln from $2.045-2.06 bln vs. $2.07 bln S&P Capital IQ Consensus. Full-year 2019 Adjusted EBITDA guidance is now expected between $415 mln and $425 mln (previously expected between $435 mln and $445 mln).

Co also announced the recent acquisitions of Gregory Pest Solutions and McCloud Services, two of Copesan's largest service provider partners.