Bright Horizons Family Solutions Shares Drop 18% Following Q3 Earnings and Guidance Cuts
Bright Horizons Family Solutions (BFAM) saw its stock price plunge nearly 18% following the release of its third-quarter earnings. While the company reported adjusted earnings per share of $1.80, which beat analyst estimates of $1.76, it missed revenue expectations with a report of $841.5 million against a consensus of $842.7 million. The primary driver for the sell-off was a downward revision in full-year 2026 guidance for both revenue and adjusted net income. Management cited headwinds including an ongoing regulatory safeguarding notice in the United Kingdom and a softening childcare market in Australia, which has prompted a strategic review of its Australian operations.
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- BRIGHT HORIZONS FAMILY SOLUTIONS INC. - 10-Q Filing
- BRIGHT HORIZONS FAMILY SOLUTIONS INC. - 8-K Filing