Brink's Maintains FY23 Outlook; Q2 Adj. EPS Misses Estimates
(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 2023.
For fiscal 2023, the company still projects earnings from continuing operations attributable to Brink's in the range of $6.45 to $7.15 per share on revenues between $4.80 billion and $4.95 billion.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $6.80 per share on revenues of $4.91 billion for the year. Analysts' estimates typically exclude special items.
For the second quarter, net income attributable to the company edged up to $32 million or $0.68 per share from $35 million or $0.73 per share in the prior-year quarter. Excluding items, adjusted net income was $1.18 per share, compared to $1.34 per share last year.
Revenue for the quarter grew 7 percent to $1.22 billion from $1.13 billion in the same quarter last year. Organic revenues increased 8 percent.
The Street was looking for earnings of $1.33 per share on revenues of $1.21 billion for the quarter.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
Brink's Backs FY24 Outlook; Q2 Adj. EPS Tops Estimates, But Revenues Miss
Brink's Maintains FY24 Outlook; Q1 Results Top Estimates
Brink's Maintains Mid-point Of FY22 Outlook; Q3 Adj. EPS Tops Estimates
U.S. Dollar Falls Against Euro, Pound
Swiss Market Ends On Weak Note
European Markets Close Weak On Growth Concerns, Fading Fed Rate Cut Hopes
Canadian Market Rebounds From Early Setback; Technology, Energy Stocks Rise
