What happened Shares of ServiceMaster Global Holdings (NYSE: SERV) soared 10.8% on Thursday, defying the broader market's more than 4% plunge, after the pest-control leader released strong fourth-quarter 2019 results. So what Quarterly revenue grew 11% year over year to $507 million, translating to a 12% increase in adjusted net income to $30 million, or $0.22 per share. Analysts on average were only expecting earnings of $0.19 per share on revenue of $506.6 million. Image source: Getty Images. "Both the Terminix and ServiceMaster Brands segments delivered strong progress against our 2019 strategic initiatives," interim CEO Naren Gursahaney said. "As we announced in January, we are conducting a strategic review of our ServiceMaster Brands business, including a possible sale of the business." Now what For the full year of 2020, ServiceMaster now expects revenue from continuing operations of $1.98 billion to $2 billion (which excludes the ServiceMaster Brands), good for growth between 9% and 10% from 2019 and above the estimates for an increase of closer to 7.5%. That range assumes roughly $60 million in revenue from Terminix acquisitions closed before today, organic revenue growth of 3% to 4%, and roughly $75 million in sales from European pest operations. In the end, between ServiceMaster's solid end to 2019, its value-generating efforts to potentially divest its namesake brands, and that encouraging outlook, bullish investors had every reason to bid up this consumer discretionary stock in response. 10 stocks we like better than ServiceMaster Global HoldingsWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and ServiceMaster Global Holdings wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of December 1, 2019 Steve Symington has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source