Bright Horizons: Q3 Earnings Snapshot

NEWTON, Mass. (AP) — NEWTON, Mass. (AP) — Bright Horizons Family Solutions Inc. (BFAM) on Thursday reported a third-quarter loss of $230.7 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Newton, Massachusetts-based company said it had a loss of $4.76. Earnings, adjusted for one-time gains and costs, came to $1.80 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.75 per share.

The child care and early education services provider posted revenue of $841.5 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $842 million.

Bright Horizons expects full-year earnings in the range of $4.98 to $5.03 per share.

Bright Horizons shares have fallen 34% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $66.98, a decline of 28% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BFAM at https://www.zacks.com/ap/BFAM