Bright Horizons Family Solutions (BFAM) Reports In-Line Q3 EPS, Offers Guidance
Bright Horizons Family Solutions (NYSE: BFAM) reported Q3 EPS of $0.32, in-line with the analyst estimate of $0.32. Revenue for the quarter came in at $335 million versus the consensus estimate of $336.4 million.
As described below, the Company is updating certain targets regarding its 2014 expectations.
- Overall revenue growth in 2014 of approximately 11%
- Adjusted EBITDA growth in 2014 in the range of 15-16%
- Adjusted net income growth in 2014 in the range of 23-25%
- Diluted adjusted earnings per pro forma common share growth in the range of 20-22%
For earnings history and earnings-related data on Bright Horizons Family Solutions (BFAM) click here.