Bright Horizons Family Solutions Inc (BFAM) reported earnings for its second quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $39.2 million, or $0.67 per share. This compares with $20.6 million, or $0.35 per share, in last year's second quarter.
Excluding items, Bright Horizons Family Solutions Inc reported adjusted earnings of $51.3 million or $0.88 per share for the period.
Analysts on average had expected the company to earn $0.73 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 11.1% to $670.1 million from $603.2 million last year.
Bright Horizons Family Solutions Inc earnings at a glance (GAAP) :
-Earnings (Q2): $39.2 Mln. vs. $20.6 Mln. last year.
-EPS (Q2): $0.67 vs. $0.35 last year.
-Revenue (Q2): $670.1 Mln vs. $603.2 Mln last year.
-Guidance:
Full year EPS guidance: $3.30-$3.40
Full year revenue guidance: $2.65-$2.7 Bln
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