Brief: Firstservice Reports Q4 GAAP Earnings Per Share Of $0.31

FirstService

06/02/2019 12:38

Feb 6 (Reuters) - FirstService Corp  FSV.TO :
    * FIRSTSERVICE REPORTS STRONG FOURTH QUARTER AND FULL YEAR
RESULTS
    * Q4 GAAP EARNINGS PER SHARE $0.31
    * Q4 ADJUSTED EARNINGS PER SHARE $0.62
    * Q4 REVENUE $503.3 MILLION VERSUS REFINITIV IBES ESTIMATE
OF
$484.2 MILLION
    * DURING Q4, FIRSTSERVICE MADE DECISION TO WIND-DOWN ITS
SERVICE
AMERICA OPERATIONS
    * FIRSTSERVICE - OPERATING LOSSES INCURRED BY SERVICE
AMERICA
DURING 2018 DID NOT SIGNIFICANTLY IMPACT CONSOLIDATED FY RESULTS
    * REALIZED SUBSTANTIALLY ALL OF COSTS TO CEASE OPERATIONS IN
Q4
FINANCIAL RESULTS
    * FIRSTSERVICE - IN Q4, INCURRED NON-RECURRING WIND-DOWN
CHARGES
FOR SERVICE AMERICA OPERATIONS, NEGATIVELY IMPACTING GAAP
OPERATING EARNINGS BY $4.9 MILLION, GAAP EARNINGS PER SHARE BY
$0.10

Source text for Eikon:  ID:nGNX6PL0z4 
Further company coverage:  FSV.TO 

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