BrightView: Fiscal 1Q Earnings Snapshot
PLYMOUTH MEETING, Pa. (AP) _ BrightView Holdings Inc. (BV) on Thursday reported a loss of $12.6 million in its fiscal first quarter.
The Plymouth Meeting, Pennsylvania-based company said it had a loss of 12 cents per share. Earnings, adjusted for one-time gains and costs, came to 10 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The investment company posted revenue of $570.7 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $545.7 million.
BrightView expects full-year revenue in the range of $2.47 billion to $2.53 billion.
BrightView shares have dropped 2% since the beginning of the year. The stock has risen 11% in the last 12 months.