News Formal

AutoCanada Inc. Earnings Decline by 30% Despite Increase in Revenue

  • 📰 AutoNewsCanada
  • ⏱ Reading Time:
  • 16 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 51%

Business 뉴스

Autocanada Inc.,Earnings,Decline

pDiluted earnings came in at 81 cents per share, a 30.2 per cent decline from $1.16 per share recorded in the third quarter of 2022. AutoCanada cited higher interest rates, which translated into higher floorplan costs, for the slide./p

AutoCanada Inc. earnings declined by roughly 30 per cent in the third quarter of 2023, despite a small increase in revenue and what the company’s Executive Chairman Paul Antony described as a “surprisingly resilient” vehicle market.

The tighter margins contrasted with a vehicle sales environment that’s remained robust despite consumers facing high vehicle prices and elevated interest rates compared to recent years. Alongside its quarterly earnings, AutoCanada also rolled out a new five-year strategic plan dubbed Project Elevate.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 77. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Toronto Stock Exchange: Manulife Financial Corp. and Whitecap Resources Inc. Among Most Active CompaniesTORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,587.41, up 57.20 points): Manulife Financial Corp. (TSX:MFC). Finance. Up 75 cents, or 3.01 per cent, to $25.67 on 19.
출처: SooToday - 🏆 8. / 85 더 많은 것을 읽으십시오 »

Continental reports higher earnings, raises outlook for tires businessExplore stories from Atlantic Canada.
출처: SaltWire Network - 🏆 45. / 63 더 많은 것을 읽으십시오 »

Bayer says it will cut management jobs as Q3 earnings dropExplore stories from Atlantic Canada.
출처: SaltWire Network - 🏆 45. / 63 더 많은 것을 읽으십시오 »

Cronos: Q3 Earnings SnapshotTORONTO (AP) — TORONTO (AP) — Cronos Group Inc. (CRON) on Wednesday reported a loss of $1.6 million in its third quarter. On a per-share basis, the Toronto...
출처: YahooFinanceCA - 🏆 47. / 63 더 많은 것을 읽으십시오 »