Bright Horizons Family Solutions Inc. (NYSE:BFAM) announced on Thursday that its Q1 net loss available to common shareholders of $50.7M, higher than $15.1M in the previous year quarter. Loss per common share for the newest Q1 narrowed to $0.91 from $2.49 previous year.
The adjusted net income for the newest Q1 was $15.6M, increased from $8.4M in the earlier year period.
Revenue for the quarter surged to $280.12M from $258.12M in the in contrast quarter previous year.f
The firm anticipates revenue growth in the range of 10-13 percent for fiscal 2013 and adjusted earnings per pro forma common share ranging from $1.16 to $1.21. Analysts at present expect fiscal 2013 earnings of $1.13 a share and revenues of $1.18B.
Moving readers toward the broader market, let’s consider percentage change in stocks prices of other stocks in the similar sector who contribute major role in the market that includes H&R Block, Inc. (NYSE:HRB) lost -0.61%, Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA) edged down -2.28%, VCA Antech Inc (NASDAQ:WOOF) which also increased +0.70% and StoneMor Partners L.P. (NYSE:STON) closed up +0.75%.
Bright Horizons Family Solutions Inc (NYSE:BFAM) stock’s trade at beginning with a price of $34.60 and throughout the trading session climbed at a high of $34.99 other than when day-trade ended the stock finally decreased -0.69% to $34.44.
The stock is going forward its 52 week low with 25.24% and lagging behind from its 52 week high price with -5.02%. BFAM last month stock price volatility remained 3.23%.
BFAM stock institutional ownership remained 88.89% while insider ownership included 0.92%. In its share capital BFAM has 64.53 million outstanding shares among them 62.00 million shares have been floated in market exchange.
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