Brink's Beats Q2 Sales Estimates By A Whisker, EPS Miss, Reaffirms FY23 Outlook
Portfolio Pulse from Lekha Gupta
The Brink's Co (NYSE:BCO) reported Q2 2023 revenue growth of 7% Y/Y to $1.22 billion, beating the consensus of $1.21 billion. However, adjusted EPS fell 12% Y/Y to $1.18, missing the consensus of $1.33. The company reaffirmed its FY23 outlook. BCO shares are trading lower by 8.9%.
August 09, 2023 | 2:11 pm
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Brink's Co reported Q2 revenue growth but missed EPS estimates. The company reaffirmed its FY23 outlook. Shares are down 8.9%.
Brink's Co reported a revenue growth in Q2, beating estimates, but missed on EPS. This mixed financial performance, along with the reaffirmation of the FY23 outlook, likely contributed to the drop in the company's share price.
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