Bright Horizons Family Solutions Reports Second Quarter of 2020 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Needham Starts NeoVolta (NEOV) at Buy
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Bright Horizons Family Solutions (BFAM) Tops Q2 EPS by $1.02, Revenues Beat
August 5, 2020 4:14 PM EDTBright Horizons Family Solutions (NYSE: BFAM) reported Q2 EPS of $0.44, $1.02 better than the analyst estimate of ($0.58). Revenue for the quarter came in at $294 million versus the consensus estimate of $196.73 million.
Second Quarter 2020 Highlights (compared to second quarter 2019):
Revenue of $294 million (decrease of 44%)Income from operations of $8 million (decrease of 89%)Net income of $0.4 million and diluted earnings per common share of $0.01 (decreases of 99%)Non-GAAP measures
Adjusted income from operations* of $27 million (decrease of 64%)Adjusted EBITDA* of $60 million (decrease of 43%)Adjusted net income* of $26... More