(RTTNews) - Power Corporation of Canada (POW.TO) announced earnings for its fourth quarter that increased from last year in line with the Street estimates.
The company's bottom line came in at C$626 million, or C$0.93 per share. This compares with C$M, or C$0.92 per share, in last year's fourth quarter.
Excluding items, Power Corporation of Canada reported adjusted earnings of C$676 million or C$1.00 per share for the period.
Analysts on average had expected the company to earn $1.00 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
Power Corporation of Canada earnings at a glance (GAAP) :
-Earnings (Q4): C$626 Mln. vs. C$M. last year. -EPS (Q4): C$0.93 vs. C$0.92 last year. -Analyst Estimate: $1.00
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
