Revenue Update on Bright Horizons Family Solutions Inc(NYSE:BFAM)

Bright Horizons Family Solutions Inc(NYSE:BFAM) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $402.05M. Analysts estimated a revenue of $402.97M. Earnings per share were $0.61. Analysts had estimated an EPS of $0.61.

Bright Horizons Family Solutions Inc (BFAM) shares turned negative on Fridays trading session with the shares closing down -0.07 points or -0.11% at a volume of 1,14,451. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $65.39. The peak price level was also seen at $65.39 while the days lowest was $65.02. Finally the shares closed at $65.32. The 52-week high of the shares is $70.59 while the 52-week low is $58.19. According to the latest information available, the market cap of the company is $3,846 M.

Several Insider Transactions has been reported to the SEC. On Jul 19, 2016, Mandy Berman (EVP & CAO) sold 2,250 shares at $67.82 per share price.Also, On Jul 13, 2016, Danroy T Sr Henry (Chief Human Resources Officer) sold 7,500 shares at $68.00 per share price.On Jul 7, 2016, Mary Lou Burke (COO North America Center Ops) sold 2,222 shares at $66.69 per share price, according to the Form-4 filing with the securities and exchange commission.

Bright Horizons Family Solutions Inc. is a provider of child care early education and other services. The Company provides services under multi-year contracts with employers who offer child care and other dependent care solutions as part of their employee benefits packages. Its service offerings include center-based full service child care and early education; back-up dependent care and educational advisory services. It operates in three segments: full service center-based care which includes center-based child care preschool and elementary education; back-up dependent care which includes center-based back-up child care in-home care mildly ill child care and adult/elder care and other educational advisory services which includes its college preparation and admissions advisory services as well as tuition reimbursement administration and educational advising services. It serves children in the United States the United Kingdom the Netherlands Ireland Canada and India.

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