Metro Inc. (MRU.TO) reported earnings for its second quarter that increased from the same period last year in line with the Street estimates.
The company's bottom line came in at C$220.00 million, or C$0.99 per share. This compares with C$187.10 million, or C$0.83 per share, last year.
Excluding items, Metro Inc. reported adjusted earnings of C$226.60 million or C$1.02 per share for the period.
Analysts on average had expected the company to earn C$1.02 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 5.5% to C$4.910 billion from C$4.656 billion last year.
Metro Inc. earnings at a glance (GAAP) :
-Earnings: C$220.00 Mln. vs. C$187.10 Mln. last year.-EPS: C$0.99 vs. C$0.83 last year.-Revenue: C$4.910 Bln vs. C$4.656 Bln last year.
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