Why BrightView Holdings Stock Is Down Big Today

·2 min read
Why BrightView Holdings Stock Is Down Big Today

Commercial landscaping-company BrightView Holdings (NYSE: BV) forecast revenue for the current quarter that fell short of analyst expectations, and the stock is getting a trimming as a result. The company posted decent results, but shares of BrightView fell by as much as 33% on Tuesday. BrightView is a consolidator in the commercial landscaping sector, acquiring a tree-care company in Virginia and a resort-maintenance company in Hawaii in the last few weeks alone.