Bright Horizons Family Solutions Inc. (BFAM) posted first-quarter net loss available to common shareholders of $50.7 million, wider than $15.1 million in the prior year quarter. Loss per common share for the latest first quarter narrowed to $0.91 from $2.49 last year.
Adjusted net income for the latest first quarter was $15.6 million, up from $8.4 million in the previous year period.
Revenue for the quarter rose to $280.12 million from $258.12 million in the comparable quarter last year.
For fiscal 2013, the company expects revenue growth in the range of 10-13% and adjusted earnings per pro forma common share ranging from $1.16 to $1.21. Analysts currently expect fiscal 2013 earnings of $1.13 per share and revenues of $1.18 billion.
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