FirstService Q3 Profit, Revenue Rise - Quick Facts

(RTTNews) - Real estate services provider FirstService Corp. (FSV.TO, FSRV) Tuesday said third-quarter net earnings attributable to common shareholders climbed to $16.90 million from $857 thousand in the prior year. Earnings per share advanced to $0.46 from $0.03.

Adjusted earnings per share totaled $0.75, while it was $0.69 last year. On average, eight analysts polled by Thomson Reuters expected earnings of $0.79 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues improved to $684.6 million from $603.0 million. Analysts expected revenues of $677.93 million.

"FirstService delivered solid results in the third quarter, continuing the momentum from the first half of the year," said Jay Hennick, Founder and Chief Executive Officer.