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NEWTON, Mass. (AP) — NEWTON, Mass. (AP) — Bright Horizons Family Solutions Inc. (BFAM) on Tuesday reported fourth-quarter earnings of $5.5 million.
The Newton, Massachusetts-based company said it had profit of 9 cents per share. Earnings, adjusted for one-time gains and costs, were 83 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.
The child care and early education services provider posted revenue of $615.6 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $588.6 million.
For the year, the company reported profit of $74.2 million, or $1.28 per share. Revenue was reported as $2.42 billion.
Bright Horizons expects full-year earnings in the range of $3 to $3.20 per share, with revenue in the range of $2.6 billion to $2.7 billion.
Bright Horizons shares have climbed almost 2% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $95.89, a climb of 28% 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