Boyd Group Services Inc. Q4 Profit Decreases, But Beats Estimates

Boyd Group Services Inc. (BYD.TO) released earnings for fourth quarter that decreased from the same period last year but beat the Street estimates.

The company's bottom line came in at $2.442 million, or $0.11 per share. This compares with $19.066 million, or $0.89 per share, last year.

Excluding items, Boyd Group Services Inc. reported adjusted earnings of $6.275 million or $0.29 per share for the period.

Analysts on average had expected the company to earn $0.22 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 1.7% to $752.339 million from $740.014 million last year.

Boyd Group Services Inc. earnings at a glance (GAAP) :

-Earnings: $2.442 Mln. vs. $19.066 Mln. last year.
-EPS: $0.11 vs. $0.89 last year.
-Revenue: $752.339 Mln vs. $740.014 Mln last year.

by RTTNews Staff Writer

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