Franco-Nevada Q1 2024 Adj EPS $0.76 Beats $0.72 Estimate, Sales $256.800M Miss $279.027M Estimate
Portfolio Pulse from Benzinga Newsdesk
Franco-Nevada (NYSE:FNV) reported Q1 2024 adjusted EPS of $0.76, surpassing the $0.72 estimate, but its sales of $256.800M fell short of the $279.027M forecast, marking a 7.06% decrease from the previous year.
May 01, 2024 | 9:01 pm
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Franco-Nevada's Q1 2024 earnings surpassed expectations with an EPS of $0.76, but sales missed estimates, showing a year-over-year decline.
While the beat on EPS is positive, the miss on sales and the year-over-year decline could temper investor enthusiasm. The mixed results present a neutral outlook in the short term as the positive earnings surprise may be offset by concerns over declining sales.
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