TORONTO (AP) — TORONTO (AP) — FirstService Corp. (FSV) on Thursday reported second-quarter earnings of $45.3 million.
The Toronto-based company said it had net income of $1 per share. Earnings, adjusted for amortization costs and stock option expense, came to $1.75 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.71 per share.
The property services provider posted revenue of $1.45 billion in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $1.49 billion.
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