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
Brink's Maintains FY24 Outlook; Q1 Results Top Estimates
Brink's Maintains FY23 Outlook; Q2 Adj. EPS Misses Estimates
Brink's Maintains Mid-point Of FY22 Outlook; Q3 Adj. EPS Tops Estimates
DAX Retreats After Firm Start, Down Marginally
Swiss Franc Rises Against Majors
Sensex, Nifty Retreat On US Tariff Worries
Bank Of Korea Stands Pat On Rates, Lifts 2025 Growth Outlook
