Brief: FirstService Posts Quarterly GAAP Earnings Per Share Of $0.13

FirstService

23/04/2020 12:46

April 23 (Reuters) - FirstService Corp  FSV.TO :
    * FIRSTSERVICE REPORTS FIRST QUARTER RESULTS AND COVID-19
UPDATE
    * Q1 GAAP EARNINGS PER SHARE $0.13
    * Q1 REVENUE $633.8 MILLION
    * Q1 EARNINGS PER SHARE ESTIMATE $0.31 -- REFINITIV IBES
DATA
    * EMERGENCE OF COVID-19 PANDEMIC IN NORTH AMERICA DURING
MARCH HAD
A SWIFT IMPACT ON OUR OPERATIONS
    * FIRSTSERVICE - EXPECT TO SEE MEANINGFUL DECLINE IN Q2 YOY
FINANCIAL RESULTS, BOTH IN TOP-LINE GROWTH & OPERATING MARGINS,
WITH MORE PRONOUNCED EFFECT IN BRANDS DIVISION
    * TO MITIGATE CORONAVIRUS IMPACT PROACTIVELY ENGAGED IN COST
CONTAINMENT MEASURES IN FORM OF PERSONNEL FURLOUGHS, SALARY CUTS
    * FIRSTSERVICE - TO MITIGATE CORONAVIRUS IMPACT PROACTIVELY
ENGAGED IN COST CONTAINMENT MEASURES IN FORM OF OTHER
DISCRETIONARY OPERATING, CAPEX REDUCTION

Source text for Eikon:  ID:nGNX1wqzwP 
Further company coverage:  FSV.TO 

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