AP NEWS

BrightView: Fiscal 4Q Earnings Snapshot

November 27, 2018

PLYMOUTH MEETING, Pa. (AP) _ BrightView Holdings Inc. (BV) on Tuesday reported a loss of $10.9 million in its fiscal fourth quarter.

On a per-share basis, the Plymouth Meeting, Pennsylvania-based company said it had a loss of 11 cents. Earnings, adjusted for one-time gains and costs, came to 35 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.

The investment company posted revenue of $581.8 million in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $584.6 million.

For the year, the company reported a loss of $15.1 million, or 18 cents per share. Revenue was reported as $2.35 billion.

BrightView expects full-year revenue in the range of $2.4 billion to $2.47 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BV at https://www.zacks.com/ap/BV

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