Brink's Backs FY24 Outlook; Q2 Adj. EPS Tops Estimates, But Revenues Miss

RTTNews | vor 273 Tagen
Brink's Backs FY24 Outlook; Q2 Adj. EPS Tops Estimates, But Revenues Miss

(RTTNews) - While reporting financial results for the second quarter on Wednesday, The Brink's Co. (BCO) maintained its earnings and revenue guidance for the full-year 2024.

For fiscal 2024, the company continues to project earnings from continuing operations attributable to Brink's in the range of $7.30 to $8.00 per share on revenues between $5.075 billion and $5.225 billion.

On average, three analysts polled by Thomson Reuters expect the company to report earnings of $7.59 per share on revenues of $5.14 billion for the year. Analysts' estimates typically exclude special items.

For the second quarter, net income from continuing operations soared to $46 million or $1.03 per share from $32 million or $0.68 per share in the prior-year quarter. Excluding items, adjusted net income from continuing operations was $1.67 per share, compared to $1.27 per share last year.

Revenue for the quarter grew 3 percent to a record of $1.25 billion from $1.22 billion in the same quarter last year. Organic revenues increased 14 percent.

The Street was looking for earnings of $1.47 per share on revenues of $1.26 billion for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Brink's Maintains Mid-point Of FY22 Outlook; Q3 Adj. EPS Tops Estimates

Brink's Maintains Mid-point Of FY22 Outlook; Q3 Adj. EPS Tops Estimates

While reporting financial results for the third quarter on Wednesday, The Brink's Co. (BCO) maintained its mid-point of adjusted earnings and revenue guidance for the full-year 2021. For fiscal 2022, the company now projects earnings from continuing operations of about $3.83 per share and adjusted earnings from continuing operations of about $5.75 per share on revenues of about $4.52 billion.
RTTNews | vor 924 Tagen
Australian Market Swings To Slight Gains In Mid-market

Australian Market Swings To Slight Gains In Mid-market

The Australian market is turning its early losses to slight gains in mid-market moves on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying just below the 8,200 level, with gains in gold miners and technology stocks partially offset by weakness in financial stocks.
RTTNews | vor 38 Minuten
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, amid optimism surrounding the upcoming U.S.-China trade talks to take place in Switzerland this week and China's new stimulus measures. Meanwhile, the US Fed left interest rates unchanged, and also warned of increasing risks of higher unemployment and higher inflation.
RTTNews | vor 1Std 1 Minuten
Sensex, Nifty Likely To Open On Cautious Note

Sensex, Nifty Likely To Open On Cautious Note

Indian shares look set to open on a cautious note Thursday as Pakistan troops continue to resort to cross-border shelling along the Line of Control (LoC) in Kupwara district of Jammu and Kashmir for the second consecutive day.
RTTNews | vor 1Std 32 Minuten
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese market is trading modestly lower on Thursday, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 36,700 level, with weakness in index heavyweights, exporters and financial stocks partially offset by gains in technology stocks.
RTTNews | vor 2Std 23 Minuten
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian market is trading slightly lower on Thursday, giving up some of the slight gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 8,200 level, with weakness in iron ore miners and financial stocks partially offset by gains in gold miners and technology stocks.
RTTNews | vor 3Std 0 Minuten