NEWTON, Mass. (AP) — NEWTON, Mass. (AP) — Bright Horizons Family Solutions Inc. (BFAM) on Monday reported third-quarter earnings of $54.9 million.
On a per-share basis, the Newton, Massachusetts-based company said it had profit of 94 cents. Earnings, adjusted for one-time gains and costs, were $1.11 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.
The child care and early education services provider posted revenue of $719.1 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $710.7 million.
Bright Horizons expects full-year earnings in the range of $3.37 to $3.42 per share, with revenue expected to be $2.68 billion.
Bright Horizons shares have climbed 41% since the beginning of the year. In the final minutes of trading on Monday, shares hit $132.83, a rise of 64% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BFAM at https://www.zacks.com/ap/BFAM
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