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Article: Brink's reports 3Q profits down 28.3 percent

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AP Online
Article date:
October 29, 2009
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Armored car company Brink's Co. said Thursday that its third-quarter profit fell 28.3 percent as the weak economy limited sales of diamonds and jewelry _ two key items the company's vehicles transport.

The results for the company, based in Richmond, Va., fell below analysts' adjusted expectations, and shares slipped in morning trading.

The company said it earned $34.4 million, or 72 cents a share, in the three-month period ended Sept. 30. In the same period last year, the company earned $48 million, or $1.03 a share.

Excluding one-time items, including an acquisition related gain in the current year's third quarter and gains ...

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