Brink's Q1 Loss Sharply Narrows, Backs 2015 EPS Outlook - Quick Facts

(RTTNews) - Brink's Co. (BCO), a provider of security-related services, reported that first-quarter net loss attributable to the company sharply narrowed to $3.0 million or $0.06 per share from $58.5 million or $1.20 per share in the prior-year quarter.

Loss per share from continuing operations was $0.01, sharply narrower than $1.21 last year. Adjusted earnings per share from continuing operations totaled $0.41, while it was $0.15 last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.26 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter declined 18 percent to $776.1 million from $949.6 million in the same quarter last year. Adjusted revenues were $755.6 million, compared to $818.3 million last year. Analysts expected revenues of $793.37 million.

Despite persistent currency headwinds that drove the reduction of its full-year revenue outlook to $3.1 billion from $3.4 billion, the company still expects ongoing cost and productivity initiatives to enable it to achieve full-year adjusted earnings of $1.55 to $1.75 per share.

Street is currently looking for full-year 2015 earnings of $1.48 per share on annual revenues of $3.20 billion.