Linamar reports earnings up in first quarter to $178.5 million

GUELPH, Ont. — Linamar Corp. says earnings were up in its first quarter from last year as revenue rose on market share growth and acquisitions.

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Shopify Inc.'s shares slumped Wednesday as the company reported a loss in its latest quarter and forecast slower revenue growth for next quarter in its financial outlook. The e-commerce software company, which keeps its books in U.S. dollars, says its net loss for the quarter ended March 31 amounted to US$273 million or 21 cents US per diluted share. That compared with a profit of US$68 million or five cents US per diluted share in the same quarter last year.

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Linamar reports earnings up in first quarter to $178.5 millionLinamar Corp. says earnings were up in its first quarter from last year as revenue rose on market share growth and acquisitions.
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