) rose on Wednesday after it beat first-quarter profit estimates on higher bullion prices and said it has entered into an exploration partnership with Geophysx Jamaica.
The Toronto-based company, in a separate release, said as part of its agreement with Geophysx, Barrick will have the right to work with the private mineral exploration company to earn up to an 80% joint-venture interest in designated properties located in Jamaica. Calgary-based Cenovus said total upstream production rose nearly 3 per cent to 800,900 barrels of oil equivalent per day in the January-March quarter from a year earlier.
At list prices, the order was valued at US$326.4-million at the time of signing, but could amount to more than US$6-billion if NetJets exercises its option for all 232 jets. CEO Andy Jassy told analysts that for Amazon “there is a big opportunity in front of us” in servicing AI customers. First-quarter sales increased 13 per cent to US$143.3-billion, higher than the US$142.5-billion average, according to LSEG data. Net income more than tripled to US$10.4-billion in the first quarter.
That compares with a rise in cloud-computing revenue of 31 per cent for Microsoft and 28 per cent for Alphabet for the January-to-March period.) remain the only members of the so-called Magnificent Seven tech stocks that do not offer dividends. Its shares have climbed about 15 per cent in 2024, outperforming the S&P 500′s gain of about 6 per cent.
The company raised both ends of its 2024 profit forecast range by 10 US cents and now expects to earn US$2.15 to US$2.35 per share. Pfizer posted an adjusted profit of 82 US cents per share, while analysts on average were expecting it to earn 52 US cents, according to LSEG data.) was lower despite topping expectations for first-quarter revenue and profit on Wednesday, aided by sustained consumer demand well as easing prices of grocery items.
Loblaw’s revenue rose 4.5 per cent to $13.58-billion from a year earlier, compared with analysts’ average estimate of $13.46-billion, according to LSEG data. The provision announced late Tuesday – which the bank said relates to penalties by one undisclosed regulator – is the first indication Canada’s second-largest lender has provided on the impact of the investigation as its stretches into its second year.
The agency’s move, confirmed to the AP on Tuesday by five people familiar with the matter who spoke on the condition of anonymity to discuss the sensitive regulatory review, clears the last significant regulatory hurdle before the agency’s biggest policy change in more than 50 years can take effect. The agreement provides a pathway for Brookfield to deliver the new renewable energy capacity between 2026 and 2030 in the U.S. and Europe, a Microsoft spokesperson told Reuters in an emailed statement.
Several quarters of price hikes have forced customers to ditch cafes and restaurants and instead drink coffee at home, hurting business for chains such as Starbucks. It also cut its per-share profit growth forecast to between flat and low-single digits, versus its earlier range of 15-per-cent to 20-per-cent growth.
“However, from a demand perspective, customer engagement is in fact increasing, not only for MI300X but its successor products.” Kraft Heinz is leaning on promotions to help aid a recovery in volumes across its markets but still-high inflation has hampered those efforts.The Heinz ketchup maker posted net sales of US$6.41-billion in the three months ended March 30, compared with analysts’ average estimate of US$6.43-billion, according to LSEG data.The company maintained its forecasts for organic net sales growth to be flat to 2 per cent and adjusted earnings to grow in the range of 1 per cent to 3 per cent.
Third-quarter organic net sales in the Americas grew 1 per cent, with a 3-per-cent rise in the Asia Pacific region.
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