TORONTO (AP) — TORONTO (AP) — Franco-Nevada Corp. (FNV) on Tuesday reported a loss of $982.5 million in its fourth quarter.
On a per-share basis, the Toronto-based company said it had a loss of $5.11. Earnings, adjusted for one-time gains and costs, came to 90 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share.
The precious metals streaming and royalty company posted revenue of $303.3 million in the period.
For the year, the company reported a loss of $466.4 million, or $2.43 per share. Revenue was reported as $1.22 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 FNV at https://www.zacks.com/ap/FNV