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Franco-Nevada: 3Q Earnings Snapshot

TORONTO (AP) _ Franco-Nevada Corp. (FNV) on Monday reported third-quarter net income of $52.1 million.

The Toronto-based company said it had net income of 28 cents per share. Earnings, adjusted for non-recurring costs, came to 29 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.

The precious metals streaming and royalty company posted revenue of $170.6 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $163.8 million.

Franco-Nevada shares have declined 19 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $64.57, a drop of 19 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FNV at https://www.zacks.com/ap/FNV