) rose in response to the late Monday announcement of the sale of its non-core assets in southwest Saskatchewan and southeast Saskatchewan to
The move came alongside the late Monday release of its first-quarter results, which saw adjusted earnings per share slid 6 per cent year-over-year to 84 cents, which was a penny below the Street’s expectation. The result was down from a profit of $426-million or $3.01 per diluted share in the same quarter last year.On an adjusted basis, George Weston says it earned $2.30 per diluted share, up from an $1.99 per diluted share in the same quarter last year.) saw gains ahead of a virtual event on Tuesday where it is expected to show new iPad models, some of which could come with a new chip aimed at speeding up artificial intelligence tasks carried out on the devices.
For now, many AI features - such as helping zoom in on a user during a video call and slightly altering the look of their eyes to make it look as though they are looking directly into the camera - are not likely to inspire a wave of upgrades, according to some analysts. Instacart said there would be a new tab on its app that would allow customers to choose from a selection of nearby restaurants, browse menus, place orders and track deliveries in real time.) soared after CNBC reported a number of private equity firms have been considering a buyout as the connected fitness company looks to refinance its debt and return to growth after 13 straight quarters of losses, CNBC reported on Tuesday.
Dwindling demand for its stationary bikes and treadmills despite price cuts led to Peloton reporting a smaller-than-expected revenue for the third quarter and trimming its full-year forecast.) was lower after it reported a first-quarter profit of $17.5-million, down from $18.7-million a year earlier, as its revenue rose four per cent.
“Overall, we view the event as neutral,” said ATB Capital Markets analyst Patrick O’Rourke in a note. “Q1/24 bitumen production of 104.1 mbbl/d was slightly below ATB estimate of 104.7 mbbl/d and in-line with consensus of 104.3 mbbl/d. Production was down 3 per cent year-over-year and 5 per cent quarter-over-quarter due to cold weather impacts, the timing of new wells coming onstream, and facility maintenance activities, while the Company’s SOR rose to 2.37 . Total blend sales of 152.
But the combined streaming business with ESPN+ lost US$18-million. The division had lost US$659-million in the prior year. Mr. Iger, who came out of retirement to revamp Disney in November 2022, instituted cost cuts that are expected to reach at least US$7.5-billion by the end of September. Because of costs to stream cricket, streaming entertainment will likely report a loss for the current quarter but swing back to a profit the following period, Mr. Johnston said.
Apple has emerged as a major chip designer in recent years, thanks to the success of its semiconductors that are used in the iPhone, iPads and Mac laptops. “AIP is driving a huge part of both our new customers and growth within existing customers, and it’s having a huge impact on our business,” chief revenue officer Ryan Taylor told Reuters.
Revenue growth in the U.S. commercial business, which accounts for sales to businesses in the country, slowed to 40 per cent year-over-year in the first quarter, compared to 70 per cent in the prior quarter. It delivered 75 of its hydrogen fuel cell trucks in the first two quarters of production and completed the delivery of its reworked battery truck at the end of the first quarter.
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