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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Allegion reported strong Q2 results, with adjusted earnings per share reaching $2.40, surpassing the FactSet estimate of $2.22. The company's revenue rose 13% year-over-year to $1.15 billion, beating market expectations of $1.12 billion. Following the announcement, ALLE shares closed up by more than 10%.