◆ NeutralBV

Why BrightView Holdings Stock Tanked Today

The Motley Fool·
Why BrightView Holdings Stock Tanked Today

BrightView Holdings stock plummeted 19.21% after the company missed analyst estimates on both revenue and profitability in Q3, despite raising full-year revenue guidance. Revenue came in at $717.6 million (vs. $726M estimate) with adjusted net profit falling 44% to $0.17 per share (vs. $0.29 estimate). The company blamed increased insurance reserves and fuel costs, but also cut adjusted EBITDA guidance to $340-345 million from $363-377 million.

Read Full Article at The Motley Fool
← Back to Financial Intelligence