Plus   Neg

Stock Alert: Brink's Trades 18% Higher On Upbeat Earnings

Shares of cash management, route-based secure logistics, and payment solutions provider The Brink's Company (BCO) are raising more than 18% Wednesday morning on positive surprise in its second-quarter earnings.

In the second quarter, the company reported adjusted earnings of $0.67 per share compared with $0.86 last year. Analysts polled by Thomson Reuters expected the company to report loss of $0.12 per share for the quarter.

Revenue for the quarter, however, decreased to $826 million compared with $914 million last year, while beating the consensus estimate of $724 million.

"After a difficult start to the quarter in April and early May due to government-mandated Covid-19 shutdowns, our retail customers rebounded quickly and to higher levels than expected. In the U.S., our largest market, revenue was down 24% at the low point in April, but recovered to an 11% decline in June," Doug Pertz, president, and chief executive officer, said.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The Federal Aviation Administration issued first airworthiness certificate for one of the new Boeing 737 Max jets on Monday since the aircraft was grounded worldwide in March 2019 following two crashes that killed 364 people, media reports quoting a FAA spokesman said. Amazon Web Services or AWS, the cloud division of Amazon, announced the launch of new virtual computing instances, known as EC2 Mac instances, for Apple app developers. The new Mac instances will help AWS users to run Apple's macOS operating system on Amazon Elastic Compute Cloud or Amazon EC2. EC2 Mac instances will allow customers to run on-demand macOS workloads in the AWS cloud. You stand a chance to win a free mouth-watering and saucy McRib Sandwich from McDonald's, that will be reintroduced on December 2 after being off its menu since 2012. But there is a condition. McDonald's will be giving out a FREE McRib to the first 10,000 entries that post a picture of their cleanly-shaven or baby-smooth face on their public Twitter or public Instagram profile.
Follow RTT