BrightView: Fiscal 3Q Earnings Snapshot
PLYMOUTH MEETING, Pa. (AP) _ BrightView Holdings Inc. (BV) on Wednesday reported fiscal third-quarter net income of $31.7 million, after reporting a loss in the same period a year earlier.
The Plymouth Meeting, Pennsylvania-based company said it had profit of 31 cents per share. Earnings, adjusted for one-time gains and costs, were 46 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The investment company posted revenue of $657.2 million in the period, also falling short of Street forecasts. Five analysts surveyed by Zacks expected $668.7 million.
BrightView shares have risen 87% since the beginning of the year. The stock has declined 14% in the last 12 months.