) fell after saying it earned US$97.6-million in the first quarter of 2023, down 33.3 per cent from US$146.4-million a year earlier.
He said the company remains comfortable with its full-year outlook despite an uncertain economic environment. “This settlement is a win-win-win – customers will continue to receive competitive and responsive service; Enbridge will earn attractive risk-adjusted returns” Colin Gruending, president of Enbridge’s liquids pipelines segment, said.
National Bank Financial analyst Maxim Sytchev said the company’s top line has been “surprisingly resilient,” but emphasized margins “continue to contract” and sees the credit cycle tightening and higher rates “wrecking the economy.” Apple, an industry outlier with no mass layoffs so far, is set to post its first ever revenue declines across product lines, even as iPhone demand and production recovered in China after pandemic-driven disruptions last year.
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