12:07 PM EST - FirstService Corp. : reported first-quarter net loss of $48.67 million U.S., wider than $9.73 million U.S. last year. Net loss attributable to common shareholders was $48.96 million U.S. or $1.67 U.S. per share, compared to net loss attributable to common shareholders of $33.40 million U.S. or $0.40 U.S. per share in the previous year. The company recorded net loss from continuing operations of $44.74 million U.S. or $1.56 U.S. per share, in comparison with net loss from continuing operations of $6.19 million U.S. or $0.32 U.S. in the prior-year quarter. Adjusted net earnings from continuing operations was $2.50 million U.S. or $0.08 U.S. per share, compared to adjusted net loss from continuing operations of $5.66 million U.S. or $0.19 U.S. per share in the comparable period a year ago. Quarterly revenues declined to $361.01 million U.S. from $369.13 million U.S. a year earlier. FirstService Corp.
shares T.FSV are trading down $0.68 at $11.96.
