Brink's (BCO) reported Q3 adjusted earnings Wednesday of $1.51 per share, down from $2.07 a year earlier.
Three analysts polled by Capital IQ expected $1.79.
Revenue for the quarter ended Sept. 30 was $1.26 billion, up from $1.23 billion a year earlier.
Three analysts surveyed by Capital IQ expected $1.28 billion.
For 2024, the company now expects EPS from continuing operations of $6.50 to $6.80 on revenue of $5 billion to $5.05 billion. This compares with a previous forecast for EPS from continuing operations in the range of $7.30 to $8 on revenue of $5.08 billion to $5.23 billion. Three analysts surveyed by Capital IQ expect normalized EPS of $7.45 on revenue of $5.07 billion.
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