Why ABM Industries Stock Is Down Today

ABM Industries (ABM -12.29%) largely met Wall Street expectations for the quarter, but costs are on the rise and full-year guidance implies some risk of weakness compared to estimates.Investors are on the defensive, sending ABM shares down 13% as of noon ET. Office strength boosts revenueABM supplies cleaning, parking, and other services to a wide range of facilities from office buildings to factories and airports. The company earned $0.86 per share in its fiscal second quarter ending April 30, a penny shy ...