By Chris Wack
Bright Horizons Family Solutions shares touched a 52-week low after the company reported lower fourth-quarter earnings.
Shares slid 21% to $64.88, after touching their lowest level in a year at $63.68 earlier in the session on Friday. The stock is down 45% in the past 12 months.
The provider of early education child care services, after the close on Thursday reported quarterly earnings of $21.7 million, or 38 cents a share, compared with earnings of $29.1 million, or 50 cents a share, in the same quarter last year. Analysts polled by FactSet were looking for earnings of $57.6 million, or $1.01 a share.
Revenue for the quarter came in at $733.7 million, compared with last year's $674.1 million and the $727.5 million analysts were expecting.
Adjusted earnings were $1.15 a share, compared with the $1.12 a share analysts had forecast, according to FactSet.
The company said its quarterly revenue was higher due primarily to increased use of its back-up care services, as well as enrollment gains and tuition price increases at its daycare centers. Bright Horizons also saw a decrease in income from operations, primarily related to incremental impairment and net lease termination costs of $14.8 million.
For this year, the company expects revenue of $3.08 billion to $3.15 billion, and adjusted earnings of $4.90 to $5.10 a share. Analysts are looking for 2026 revenue of $3.11 billion and adjusted earnings of $5.02 a share.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
February 13, 2026 13:38 ET (18:38 GMT)
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