Franco-Nevada: Q1 Earnings Snapshot
TORONTO (AP) _ Franco-Nevada Corp. (FNV) on Wednesday reported first-quarter net income of $182 million.
On a per-share basis, the Toronto-based company said it had profit of 95 cents. Earnings, adjusted for non-recurring gains, came to 93 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share.
The precious metals streaming and royalty company posted revenue of $338.8 million in the period.