BCO - Why Brink's Stock Is Up Today
Brink's (NYSE: BCO) delivered for investors in the fourth quarter, and provided an upbeat outlook for 2023 and beyond. Investors are backing up the armored truck as a result, sending shares of Brink's up as much as 12% on Wednesday.
Brink's provides cash and valuables management, ATM services, and digital security including its famous armored cash delivery trucks. The company posted a solid beat on both earnings and revenue in the fourth quarter thanks to its ability to pass on higher costs to its customers.
Brink's reported fourth-quarter adjusted earnings of $2.10 per share on revenue of $1.19 billion, topping expectations for $1.68 per share in earnings on sales of $1.09 billion.
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Why Brink's Stock Is Up Today