BUZZ-Napco Security shares fall as Q1 revenue misses expectations

November 2 - ** Shares of electronic security equipment and fire alarm systems supplier Napco Security Technologies (NSSC.O) fell 16.1% in pre-market trading to $32.99

** The company reported first-quarter (link) adjusted earnings per share of $0.36, below analysts' expectations of $0.38

** The company also reported first-quarter revenue of $50 million, missing estimates of $52.1 million

** Equipment revenue dropped 7.3% year-on-year; CEO Kevin Buchel said the decline was due to reduced purchases by two lock distributors

** All six brokerages covering the stock gave it a "Buy" rating; the median price target is $50, according to LSEG data

** As of the previous trading day's close, the stock was down 5.6% year-to-date

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