(RTTNews) - Metro Inc. (MRU.TO) reported earnings for its third quarter that Increased from last year but missed the Street estimates.
The company's bottom line came in at C$323 million, or C$1.48 per share. This compares with C$296.2 million, or C$1.31 per share, last year.
Excluding items, Metro Inc. reported adjusted earnings of C$331.8 million or C$1.52 per share for the period.
Analysts on average had expected the company to earn C$1.53 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 3.3% to C$6.871 billion from C$6.651 billion last year.
Metro Inc. earnings at a glance (GAAP) :
-Earnings: C$323 Mln. vs. C$296.2 Mln. last year. -EPS: C$1.48 vs. C$1.31 last year. -Revenue: C$6.871 Bln vs. C$6.651 Bln last year.
The company will pay a quarterly dividend of C$0.37 per share.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
