Franco Nevada Corp (FNV) Tops Q1 EPS by 1c

Franco Nevada Corp (NYSE: FNV) reported Q1 EPS of $0.24, $0.01 better than the analyst estimate of $0.23. Revenue for the quarter came in at $104.1 million versus the consensus estimate of $101.23 million.

Franco-Nevada's diversified portfolio continues to deliver dependable top and bottom line results," said David Harquail, President & CEO. "Our revenue, cash flow and net income have held up well despite significantly lower gold prices. This has allowed us to continue the tradition of increasing dividends each year with our previously announced 11% increase being formally declared effective this quarter. On the business development front, we closed a number of previously announced deals during the quarter and another small deal so far in the second quarter. We were particularly pleased that our Sabodala investment was able to contribute in the same quarter it was acquired. Franco-Nevada remains financially strong and debt-free and we expect to continue to grow with further investments."

For earnings history and earnings-related data on Franco Nevada Corp (FNV) click here.

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