Brink's earnings up
This Blog's on Fire (And Other Stuff)
By Tess Nacelewicz
Updated Wed April 30, 2008
Shares of Brink's Company stock were trading high today—the highest since 2003 when it changed its name from Pittston Co to Brink's, according to a Rueters report—after the company posted higher-than-expected first-quarter earnings. Here's the
official press release.
First quarter income was up $48 million, or $1.02 per share, up from $31.1 or 66 cents per share for the same quarter last year. Revenue was up 24 percent from $920.6 million from $740.5 million last year. Operating profit was up 51 percent to $97.3 million. Brink's said the increase was driven by "Latin American Operations and Brink's Home Security Unit."
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