Shares of security company ADT Inc. slid 11% Thursday, after the company posted a surprise adjusted loss for the fourth quarter. ADT said it had net income of $638 million, or 99 cents a share, for the quarter, after a loss of $85 million, or 13 cents a share, in the year-earlier period. The number included a $690 million tax benefit from the December tax revamp. Excluding special items, however, the company had a loss of 6 cents a share, while the FactSet consensus was for EPS of 10 cents. The news overshadowed a small revenue beat. ADT returned to the public markets in January, pricing its IPO at $14 a share. The stock has languished, however, since then, and was last quoted at $9.03, down 23% in the last month, while the S&P 500 has gained 0.7%.
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