Franco-Nevada Q4 Adj EPS $0.90 Beats $0.84 Estimate, Sales $303.30M Beat $297.41M Estimate
Portfolio Pulse from Benzinga Newsdesk
Franco-Nevada (NYSE:FNV) reported Q4 adjusted EPS of $0.90, surpassing the $0.84 estimate, and sales of $303.30M, beating the $297.41M estimate. This represents a 4.65% increase in EPS and a 5.34% decrease in sales year-over-year.
March 05, 2024 | 10:19 pm
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Franco-Nevada reported a Q4 adjusted EPS of $0.90, beating estimates, and sales of $303.30M, also above expectations. EPS increased by 4.65% from last year, while sales saw a 5.34% decrease.
Beating both EPS and sales estimates typically has a positive short-term impact on a company's stock price. The increase in EPS year-over-year indicates growth in profitability, which is a positive signal to investors. However, the decrease in sales year-over-year might raise concerns about revenue growth, potentially moderating the positive impact.
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