Bright Horizons Family Solutions Inc. (BFAM) reported that its second-quarter net income dropped to $0.4 million or $0.01 per share from last year's $49.3 million or $0.83 per share, due to the decrease in income from operations, partially offset by a lower effective tax rate.
Adjusted earnings per share was $0.44 compared to $0.99 prior year.
Revenue decreased to $293.77 million from $528.06 million in the prior year. The decrease in revenue was related to the temporary closure of about 850 of child care centers in March 2020 as a result of required business/school closures and shelter-in-place mandates due to the COVID-19 pandemic, partially offset by contributions from growth in back-up care services.
BFAM closed Wednesday's regular trading at $112.97, up $1.47 or 1.32 percent. In the after-hours, the stock further gained $22.88 or 20.25 percent.
For comments and feedback contact: editorial@rttnews.com
Business News
December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.