BrightView Holdings Inc. (BV) stock surged 5.59% in pre-market trading on Thursday, following the release of its mixed first-quarter fiscal 2025 results and full-year outlook.
The company reported a quarterly loss of $10.4 million, or $0.20 per share, compared to a loss of $14.6 million in the same period last year. Adjusted earnings per share came in at $0.04, meeting analysts' expectations but revenue of $599.2 million missed estimates of $618.4 million, down 4.4% year-over-year.
Despite the mixed results, BrightView provided a full-year revenue outlook of $2.75 billion to $2.84 billion, suggesting potential growth ahead. Investors seem optimistic about the company's prospects, driving the pre-market surge. However, the company's business services industry ranks in the bottom 35% of Zacks industries, which may temper enthusiasm in the near term.
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