according to briefing.com In Play column: Brinks beats by $0.03 2007-08-02 08:41:43
60.67: Reports Q2 (Jun) earnings of $0.61 per share, $0.03 better than the Reuters Estimates consensus of $0.58; revenues rose 13.4% year/year to $790.8 mln vs the $766.3 mln consensus."For the full year, we expect the disconnect rate to return to more normal levels between 6.5% and 7.0%. We continue to expect double-digit growth in sales and profits for 2007, while annual growth in the subscriber base is likely to dip slightly below 10%... In our continuing efforts to build shareholder value, the board of directors has explored a number of strategic alternatives, including all of those recommended by shareholders. We have been assisted in these efforts by several external advisors. Our review included an evaluation of future operating performance and growth prospects, the impact of the Brink's brand on such performance and prospects, issues affecting comparability with other companies in the security industry, capital needs and costs, taxes and many other factors. While we remain open to re-evaluating our strategic alternatives at any time in the future, particularly in response to changes in strategic opportunities or to significant movements in markets and valuations, our corporate strategy, which we believe to be in the best interest of the company and all of its shareholders, currently remains unchanged: We will continue to grow our existing strong security businesses, focus on accelerating the growth of high-potential opportunities within those businesses, continue to exploit the cash flow, brand-building and other benefits of operating two premier businesses under the same flagship brand, and aggressively explore the expansion of the Brinks brand into suitable security-related businesses."