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Franco-Nevada: 4Q Earnings Snapshot

TORONTO (AP) _ Franco-Nevada Corp. (FNV) on Tuesday reported a fourth-quarter loss of $31.3 million, after reporting a profit in the same period a year earlier.

The Toronto-based company said it had a loss of 17 cents per share. Earnings, adjusted for asset impairment costs, came to 24 cents per share.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.

The precious metals streaming and royalty company posted revenue of $148.2 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $162.2 million.

For the year, the company reported profit of $139 million, or 75 cents per share. Revenue was reported as $653.2 million.

Franco-Nevada shares have risen nearly 8 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $75.68, a climb of 9 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