not vested
Franco-Nevada reports 4Q loss
TORONTO (AP) _ Franco-Nevada Corp. (FNV) on Wednesday reported a loss of $4.5 million in its fourth quarter.
On a per-share basis, the Toronto-based company said it had a loss of 3 cents. Earnings, adjusted for one-time gains and costs, came to 24 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.
The precious metals streaming and royalty company posted revenue of $155.3 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $157.3 million.
For the year, the company reported profit of $122.2 million, or 69 cents per share. Revenue was reported as $610.2 million.
Franco-Nevada shares have climbed slightly more than 7 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $64.21, climbing slightly in the last 12 months.
Source: Associated Press