Demand in the U.S., the largest importer of Canada’s oil and gas, rose in the first quarter according to the U.S. Energy Information Administration, benefiting Canadian energy firms.
TC Energy posted an adjusted profit of $1.24 per share for the quarter ended March 31, compared with analysts’ average estimate of $1.14 per share, according to LSEG data.The operator of the Toronto Stock Exchange says its revenues totalled $345.9-million in the quarter ended March 31, up from $299.1 million.Adjusted earnings per diluted share were 38 cents, up from 37 cents.
NFI Group says its deliveries of zero-emission buses and coaches were up more than 21 per cent in the quarter.) shares jumped on Friday as the iPhone maker’s record stock buyback plan and promise of sales growth drew back investors who have shunned the stock on concerns over weak demand and increased competition in China.
“Growth stocks must demonstrate they are still growing at a pace that satisfies their shareholders. Once that growth slows, and Apple is a prime example, then buybacks or dividends can persuade investors to keep the faith,” said Danni Hewson, head of financial analysis at AJ Bell.), Apple has not seen a cost surge as it has not made big AI investments. But the slow rollout of AI services has been punished by investors, which partly fueled the 10% drop in its share price this year.
Apple’s stock trades at 25 times its 12-month forward earnings estimates, compared with 30.5 for Microsoft. The Windows maker had taken the crown of the world’s most valuable firm from Apple earlier this year, thanks to its AI efforts.) fell after it missed analysts’ estimates for first-quarter profit and cut its full-year overall sales forecast on Friday, as the auto parts supplier navigates headwinds from supply chain snags.
Auto parts suppliers have been struggling with lower-than-expected demand for their EV components as carmakers shift their focus toward producing affordable hybrids. Those efforts proved costly to the Vancouver-based apparel company, which is also behind the Babaton, TNA, Wilfred and Golden brands. Aritzia reported Thursday its 2024 fiscal year ended with a net income of $78.7-million, down from $187.5-million in its fiscal 2023.
That progress included the expansion of its distribution centre network, which now has a 550,000 square-foot facility in Vaughan, Ont., and moves to revamp its inventory strategy and digital sales channels. Its adjusted net income for the year was $105.6 million, a decrease of 50.9 per cent compared with $214.8-million in fiscal 2023.
“We’ve downgraded OTEX to Market Perform and have reduced our target price following Q3/24 results that were roughly in line, while OTEX’s preliminary FY2025 guidance was significantly weaker than expected,”. “While the stock’s valuation is undemanding, we believe that OTEX’s plans to prioritize capital return and M&A at the expense of further deleveraging, coupled with its subdued organic growth, will constrain the opportunity for near-term multiple expansion.
While Expedia hoped for a profit boost from the re-platforming of Vrbo, it said the brand was seeing a slower rebound, which weighed on overall bookings.
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