Franco-Nevada Q2 2024 Adj EPS $0.75 Misses $0.82 Estimate, Sales $260.10M Miss $265.51M Estimate
Portfolio Pulse from Benzinga Newsdesk
Franco-Nevada (NYSE:FNV) reported Q2 2024 earnings of $0.75 per share, missing the analyst estimate of $0.82. Sales were $260.10 million, also below the $265.51 million estimate. Both earnings and sales showed significant declines compared to the same period last year.
August 13, 2024 | 10:16 pm
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NEGATIVE IMPACT
Franco-Nevada's Q2 2024 earnings and sales both missed analyst estimates, with significant year-over-year declines in both metrics.
The company's earnings per share and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. Additionally, the significant year-over-year declines in both earnings and sales further contribute to a negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100