What happened

Shares of BrightView Holdings (NYSE:BV) jumped on Wednesday after the commercial landscaping-services provider reported its fiscal fourth-quarter results. While the company missed estimates for revenue, the bottom line was better than expected. BrightView stock was up about 15.4% at 3:40 p.m. EST.

So what

The company reported fourth-quarter revenue of $581.8 million, up 2.6% year over year but about $4.2 million lower than the average analyst estimate. Maintenance services revenue was up 3.5% to $433.4 million, while development services revenue was down 0.1% to $149.7 million.

A man with a leafblower in front of a building.

Image source: BrightView Holdings.

Non-GAAP earnings per share came in at $0.35, up from $0.31 in the prior-year period and $0.06 higher than analysts were expecting. BrightView lost $0.11 per share on a GAAP basis, partly due to debt extinguishment charges and fees associated with the company's initial public offering.

Now what

BrightView expects to produce 2019 revenue between $2.4 billion and $2.47 billion, up from $2.35 billion in 2018. CEO Andrew Masterman said, "As we begin our 2019 fiscal year, industry trends remain favorable, our acquisition pipeline is strong, and I am confident that we have the right strategy in place to create significant stockholder value as we continue consolidating our position as the Nation's Landscaper."

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.