Bright Horizons Family Solutions Inc (BFAM) released a profit for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $38.05 million, or $0.66 per share. This compares with $16.99 million, or $0.29 per share, last year.
Excluding items, Bright Horizons Family Solutions Inc reported adjusted earnings of $44.72 million or $0.77 per share for the period.
Analysts on average had expected the company to earn $0.64 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 6.9% to $665.53 million from $622.71 million last year.
Bright Horizons Family Solutions Inc earnings at a glance (GAAP) :
-Earnings: $38.05 Mln. vs. $16.99 Mln. last year.
-EPS: $0.66 vs. $0.29 last year.
-Revenue: $665.53 Mln vs. $622.71 Mln last year.
-Guidance:
Full year EPS guidance: $3.95 - $4.15
Full year revenue guidance: $2.865 - $2.915 Bln
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