BrightView: Fiscal Q4 Earnings Snapshot

BLUE BELL, Pa. (AP) — BLUE BELL, Pa. (AP) — BrightView Holdings Inc. (BV) on Tuesday reported fiscal fourth-quarter net income of $8.3 million.

The Blue Bell, Pennsylvania-based company said it had net loss of 1 cent per share. Earnings, adjusted for one-time gains and costs, were 18 cents per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.

The investment company posted revenue of $677.3 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $720.6 million.

For the year, the company reported profit of $1 million, or 37 cents per share. Revenue was reported as $2.71 billion.

BrightView expects full-year revenue in the range of $2.54 billion to $2.72 billion.

BrightView shares have dropped almost 10% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $11.43, a drop of roughly 4% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BV at https://www.zacks.com/ap/BV