TORONTO (AP) — TORONTO (AP) — Franco-Nevada Corp. (FNV) on Tuesday reported fourth-quarter profit of $367.7 million.
The Toronto-based company said it had profit of $1.90 per share. Earnings, adjusted for non-recurring gains, came to $1.85 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.68 per share.
The precious metals streaming and royalty company posted revenue of $597.3 million in the period.
For the year, the company reported profit of $1.11 billion, or $5.76 per share. Revenue was reported as $1.82 billion.
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