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Stock Market & Financial Investment News

News Breaks
July 24, 2014
06:42 EDTBCOBrink's reports Q2 EPS 27c, one estimate 41c
Reports Q2 revenue $902M, one estimate $918M. Tom Schievelbein, chairman, president and CEO, said: "The decline in second-quarter earnings was due primarily to lower operating results in Mexico and France. Negative currency translation also had a substantial impact on year-over-year comparisons due mainly to the devaluation of the Venezuelan bolivar earlier this year.
News For BCO From The Last 14 Days
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October 30, 2014
08:51 EDTBCOBrink's sees 2015 revenue $3.8B, consensus $3.77B
08:51 EDTBCOBrink's backs 2014 revenue view $3.7B, consensus $3.63B
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08:47 EDTBCOBrink's reports Q3 adjusted EPS 19c, one estimate 61c
Reports Q3 revenue $913M, one estimate $919.00M.
October 17, 2014
12:46 EDTBCOBrink's to restructure Netherlands operations, could cut approximately 600 jobs
The Brink's Company announced its plan to restructure its Netherlands operations in response to a loss of business with Rabobank, its largest customer in that country. Brink's expects to incur a charge of $16M-$22M against Q3 GAAP earnings. The expected charge is related to asset impairments, severance and other costs associated with the expected cessation of service to Rabobank on July 1, 2015. The restructuring plan includes the potential closure of three branches and a workforce reduction of approximately 600 employees. The potential loss of business in the Netherlands was considered prior to the company's July 24 disclosure of its goal to achieve a non-GAAP segment margin rate of 8% by the end of 2016, and the goal remains unchanged.

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