Franco-Nevada (FNV) Q2 Earnings Miss, Revenues Decline Y/Y
FNVFranco-Nevada(FNV) ZACKS·2024-08-14 23:36

Franco-Nevada Corporation (FNV) reported adjusted earnings of 75 cents per share in second-quarter 2024, missing the Zacks Consensus Estimate of 78 cents. The bottom line decreased 21% year over year. The company generated revenues of $260 million in the reported quarter, down 21.2% year over year. The downside was driven by lower contributions from Antapaccay, Candelaria and Energy assets, partially offset by record gold prices. In the June-end quarter, 74.2% of revenues were sourced from Precious Metal as ...