Brink's Q3 Adjusted Earnings Fall, Revenue Rises; FY24 Outlook Lowered-May 2024-www.financetom.com

Brink's Q3 Adjusted Earnings Fall, Revenue Rises; FY24 Outlook Lowered

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Brink's Q3 Adjusted Earnings Fall, Revenue Rises; FY24 Outlook Lowered

Nov 6, 2024 5:56 AM

08:07 AM EST, 11/06/2024 (MT Newswires) -- Brink's (BCO) reported Q3 adjusted earnings Wednesday of $1.51 per share, down from $2.07 a year earlier.

Three analysts polled by Capital IQ expected $1.79.

Revenue for the quarter ended Sept. 30 was $1.26 billion, up from $1.23 billion a year earlier.

Three analysts surveyed by Capital IQ expected $1.28 billion.

For 2024, the company now expects EPS from continuing operations of $6.50 to $6.80 on revenue of $5 billion to $5.05 billion. This compares with a previous forecast for EPS from continuing operations in the range of $7.30 to $8 on revenue of $5.08 billion to $5.23 billion. Three analysts surveyed by Capital IQ expect normalized EPS of $7.45 on revenue of $5.07 billion.

Price: 105.56, Change: -0.78, Percent Change: -0.73

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