11:59 AM EST, 02/05/2025 (MT Newswires) -- (Updates shares.)

FirstService ( FSV ) 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 ( FSV ) 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.

Price: 248.42, Change: -12.15, Percent Change: -4.66