FirstService: Q4 Earnings Snapshot
TORONTO (AP) — TORONTO (AP) — FirstService Corp. (FSV) on Tuesday reported fourth-quarter profit of $6.3 million.
On a per-share basis, the Toronto-based company said it had net income of 14 cents. Earnings, adjusted for one-time gains and costs, came to $1.11 per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.
The property services provider posted revenue of $1.08 billion in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $1.07 billion.
For the year, the company reported profit of $100.4 million, or $2.24 per share. Revenue was reported as $4.33 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FSV at https://www.zacks.com/ap/FSV