Why BrightView Holdings Stock Is Down Big Today
Commercial landscaping-company BrightView Holdings (NYSE: BV) forecast revenue for the current quarter that fell short of analyst expectations, and the stock is getting a trimming as a result. The company posted decent results, but shares of BrightView fell by as much as 33% on Tuesday.
BrightView is a consolidator in the commercial landscaping sector, acquiring a tree-care company in Virginia and a resort-maintenance company in Hawaii in the last few weeks alone. The company lost money in its most recent quarter but actually did a lot better than what analysts were expecting.
On Tuesday morning, BrightView reported a fiscal first-quarter loss of $0.01 per share on revenue of $655.9 million, topping analyst expectations for a $0.09 per-share loss on sales of $625 million.
Source Fool.com
