BLUE BELL, Pa. (AP) — BLUE BELL, Pa. (AP) — BrightView Holdings Inc. (BV) on Tuesday reported a loss of $18.9 million in its fiscal first quarter.
On a per-share basis, the Blue Bell, Pennsylvania-based company said it had a loss of 20 cents. Losses, adjusted for one-time gains and costs, came to 1 cent per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The investment company posted revenue of $655.9 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $624.2 million.
For the current quarter ending in March, BrightView said it expects revenue in the range of $610 million to $650 million.
BrightView shares have increased 21% since the beginning of the year. The stock has fallen 34% 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 BV">Zacks stock report on BV at https://www.zacks.com/ap/BV