Brink's Maintains FY24 Outlook; Q1 Results Top Estimates

RTTNews | 194 days ago
Brink's Maintains FY24 Outlook; Q1 Results Top Estimates

(RTTNews) - While reporting financial results for the first quarter on Wednesday, The Brink's Co. (BCO) maintained its earnings and revenue guidance for the full-year 2024.

For fiscal 2024, the company continues to project earnings from continuing operations attributable to Brink's in the range of $7.30 to $8.00 per share on revenues between $5.075 billion and $5.225 billion.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $7.62 per share on revenues of $5.15 billion for the year. Analysts' estimates typically exclude special items.

For the first quarter, net income from continuing operations soared to $49 million or $1.09 per share from $14 million or $0.30 per share in the prior-year quarter. Excluding items, adjusted net income from continuing operations was $1.52 per share, compared to $1.27 per share last year.

Revenue for the quarter grew 4 percent to $1.24 billion from $1.19 billion in the same quarter last year. Organic revenues increased 12 percent.

The Street was looking for earnings of $1.22 per share on revenues of $1.21 billion for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Brink's Maintains Mid-point Of FY22 Outlook; Q3 Adj. EPS Tops Estimates

Brink's Maintains Mid-point Of FY22 Outlook; Q3 Adj. EPS Tops Estimates

While reporting financial results for the third quarter on Wednesday, The Brink's Co. (BCO) maintained its mid-point of adjusted earnings and revenue guidance for the full-year 2021. For fiscal 2022, the company now projects earnings from continuing operations of about $3.83 per share and adjusted earnings from continuing operations of about $5.75 per share on revenues of about $4.52 billion.
RTTNews | 754 days ago
Indian Shares Seen Opening Slightly Higher

Indian Shares Seen Opening Slightly Higher

Indian shares may open higher Tuesday morning, tracking cues from Wall Street where stocks saw some upside overnight thanks to bargain hunting following the steep drop seen last week. Slightly higher Gift Nifty futures also point to a positive start for the Indian market.
RTTNews | 5h 35min ago
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Tuesday, reversing the losses in the previous session, with the Nikkei 225 moving above the 38,400 level, following the mixed cues from Wall Street overnight, with gains across most sectors led by automakers, exporters and financial stocks.
RTTNews | 6h 2min ago
Higher Open Anticipated For Thai Stock Market

Higher Open Anticipated For Thai Stock Market

The Thai stock market on Monday ended the two-day losing streak in which it had slumped almost 10 points or 0.8 percent. The Stock Exchange of Thailand now sits just above the 1,450-point plateau and it's got a positive lead again for Tuesday's trade. The global forecast for the Asian markets is cautiously optimistic, with technology and oil stocks expected to lead the way higher. The European and U.S. markets were mostly higher and the Asian bourses are also likely to open to the upside.
RTTNews | 6h 33min ago
Indonesia Stock Market Due For Support On Tuesday

Indonesia Stock Market Due For Support On Tuesday

The Indonesia stock market has finished lower in four straight sessions, shedding almost 190 points or 2.5 percent along the way. The Jakarta Composite Index now rests just beneath the 7,135-point plateau although it may stop the bleeding on Tuesday. The global forecast for the Asian markets is cautiously optimistic, with technology and oil stocks expected to lead the way higher. The European and U.S. markets were mostly higher and the Asian bourses are also likely to open to the upside. The JCI finished modestly lower on Monday following losses from the financial shares and mixed performances from the cement and resource companies. For the day, the index shed 26.98 points or 0.38 percent to finish at 7,134.28 after trading between 7,118.87 and 7,174.75. Among the actives, Bank CIMB Niaga sank 0.84 percent, while Bank Mandiri fell 0.39 percent, Bank Danamon Indonesia shed 0.40 percent, Bank Negara Indonesia declined 0.81 percent, Bank Central Asia tumbled 1.72 percent, Bank Rakyat Indonesia tanked 2.68 percent, Indosat Ooredoo Hutchison dropped 0.88 percent, Indocement lost 0.72 percent, Semen Indonesia rose 0.28 percent, United Tractors surrendered 2.64 percent, Astra International dipped 0.20 percent, Energi Mega Persada rallied 3.15 percent, Astra Agro Lestari stumbled 2.70 percent, Aneka Tambang slid 0.36 percent, Jasa Marga slumped 0.44 percent, Vale Indonesia plunged 3.40 percent, Timah retreated 0.76 percent, Bumi Resources surged 2.68 percent and Bank Maybank Indonesia and Indofood Sukses Makmur were unchanged.
RTTNews | 7h 3min ago
Australian Market Significantly Higher

Australian Market Significantly Higher

Adding to the gains in the previous three sessions, the Australian stock market is trading significantly higher on Tuesday, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,300 level, with gains across most sectors led by energy and mining stocks amid upbeat commodity prices.
RTTNews | 7h 17min ago