WASHINGTON (dpa-AFX) - Brink's Co. (BCO) posted lower first-quarter GAAP net income attributable to $17.0 million or $0.35 per share versus last year's $20.0 million or $0.41 per share, while non-GAAP earnings per share from continuing operations rose 49% to $0.58 from $0.39 in the comparable period.
Revenue was up 6% to $967 million from $913.3 million reported a year before, with 9% organic growth.
On average, 4 analysts polled by Thomson Reuters expected earnings per share of $0.37 on $955.80 million revenue for the quarter. Analysts' estimates typically exclude one-time items.
Tom Schievelbein, interim president and chief executive, said: 'First-quarter results reflect strong growth throughout Latin America. Non-GAAP profit margins in Europe and North America were up slightly, despite market conditions that remain extremely challenging.'
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