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Finning International (TSX:FTT) Stock Sees Record EPS As Margin Friction Persists
Finning International stock comes into this earnings reaction with a flat near term profile. The share price is roughly unchanged over the past week and slightly lower over the past three months. The market has been patient rather than enthusiastic. The headline from Q2 is clear: Finning delivered record quarterly earnings per share of CA$1.22 and crossed CA$3.0b in revenue, both backed by a CA$3.8b backlog that stretches the story well beyond this quarter.
Like the earnings power at Finning...