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Brink’s Q3 earnings top estimates

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Ciara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.

Brink’s Co. BCO, -0.38% said Tuesday it had net income of $46 million, or 97 cents a share, in the third quarter, up from $3 million, or 41 cents a share, in the year-earlier period. Adjusted per-share earnings came to $1.92, ahead of the $1.79 FactSet consensus. Revenue rose 8% to $1.227 billion, just ahead of the $1.226 billion FactSet consensus.

The cash management company is now expecting full-year EPS of $6.45 to $7.15, while FactSet is expecting $6.73. It expects revenue to range from $4.800 billion to $4.950 billion, while FactSet is expecting $4.884 billion. The stock was not yet active premarket but has gained 31.5% in the year to date, while the S&P 500 SPX, +0.18% has gained 13.7%.

 

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