Franco-Nevada Q2 EPS $0.96 Beats $0.92 Estimate, Sales $329.90M Miss $334.09M Estimate
Portfolio Pulse from Benzinga Newsdesk
Franco-Nevada (NYSE:FNV) reported Q2 earnings of $0.96 per share, beating the analyst consensus estimate of $0.92 by 4.35%. However, this is a 5.88% decrease from the same period last year. The company's quarterly sales were $329.90 million, missing the analyst consensus estimate of $334.09 million by 1.25%, and marking a 6.36% decrease from the same period last year.
August 08, 2023 | 9:32 pm
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Franco-Nevada's Q2 earnings beat estimates but were lower than last year. Sales missed estimates and were also lower than last year.
Franco-Nevada's earnings beat estimates, which is positive for the stock. However, the decrease in earnings and sales compared to the same period last year, as well as the missed sales estimates, could negatively impact the stock. The net effect could be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100