FirstService Corp. Turns To Profit In Q2

(RTTNews) - FirstService Corp. (FSRV) Tuesday reported second-quarter net profit of $7.65 million compared with net loss of $6.73 million last year. The company posted earnings per share of $0.26 compared to loss per share of $0.21 last year. On an adjusted basis, the group earned $0.74 per share. On average, 8 analysts polled by Thomson Reuters expected the company to earn $0.61 per share for the quarter. Analysts' estimates typically exclude special items. Revenues rose by 16 percent to $660.7 million from $576.09 million a year ago, whereas analysts projected revenues of $645.01 million.