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. Consumer Prices Increase In Line With Estimates In July
German Unemployment Exceeds 3 Mln
U.S. PCE Price Index Increased In Line With Estimates In July
Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus
