(Updates shares.)
FirstService (FSV.TO) share were last seen down lost 4.3% after the company on Wednesday reported fourth-quarter results that missed analysts' forecasts.
The company booked adjusted earnings of US$1.34 per share, below the FactSet projection of US$1.37 per share but higher than US$1.11 per share reported a year ago.
FirstService's GAAP EPS stood at US$0.71, missing the FactSet estimate of US$0.89 but an increase from US$0.14 posted in the previous year.
Revenue rose to US$1.37 billion in the three months ended Dec. 31 from $1.08 billion in the same quarter of the previous year. Adjusted EBITDA increased to US$137.9 million from US$103.3 million.
"Our teams were focused on driving healthy profitable growth which is reflected in the strong top-line and improved margins year," CEO Scott Patterson said. "This momentum and continued operational execution reinforces our expectations for a strong 2025."
The company's shares were last seen down $11.23 to $249.34 on the Toronto Stock Exchange.
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