Bright Horizons Family Solutions Inc (BFAM) released a profit for its third quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $54.91 million, or $0.94 per share. This compares with $39.98 million, or $0.69 per share, in last year's third quarter.
Excluding items, Bright Horizons Family Solutions Inc reported adjusted earnings of $64.90 million or $1.11 per share for the period.
Analysts on average had expected the company to earn $1.06 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 11.4% to $719.10 million from $645.79 million last year.
Bright Horizons Family Solutions Inc earnings at a glance (GAAP) :
-Earnings (Q3): $54.91 Mln. vs. $39.98 Mln. last year.
-EPS (Q3): $0.94 vs. $0.69 last year.
-Revenue (Q3): $719.10 Mln vs. $645.79 Mln last year.
-Guidance:
Full year EPS guidance: $3.37 - $3.42
Full year revenue guidance: $2.675 Bln
For comments and feedback: editorial@rttnews.com