Market movers: Stocks seeing action on Tuesday

The Toronto-based company reported operating earnings per share of 36 cents, topping the Street’s projection by 4 cents, and originations of $2.72-billion, beating the consensus estimate of $2.02-billion.

In a note, Mr. Sytchev added: “We were hoping for a strong print, and the company delivered more than expected. We upgraded the shares in early October positing that a strong pricing dynamic in Poles will be sustained for longer. Today’s results support that notion.

The Vancouver-based digital healthcare company said the result is “underpinned by record care metrics which includes record patient visits of over 1.03 million and almost 1.58 million Total Care Interactions, which now includes Billed Provider Hours.” Lion Electric’s revenue rose to US$80.3-million from US$41-million a year ago, exceeding both Mr. Poirier’s US$76.1-million forecast and the consensus estimate of US$75.9-million. An adjusted EBITDA loss of US$3.9-million was also better than expected , however vehicle deliveries of 245 was lower than anticipated .) in a cash and stock deal valued at $2.55-billion to boost its presence in the Montney shale play in Alberta.

“This strategic consolidation is an integral part of our overall portfolio transformation,” said Crescent Point CEO Craig Bryksa, adding the acquisition would ensure his company has over 20 years of premium drilling inventory.The 50,000 square-mile area spanning northern Alberta and British Columbia is considered Canada’s top shale play and also garnering interest potential U.S. investors, dealmakers said last week.

Crescent Point said it plans to raise its dividend by 15 per cent to 46 cents per share on an annual basis, once the deal closes) met the Street’s earnings expectations for its third-quarter results, its shares fell on Tuesday following a reduction to its full-year guidance as sales growth continues to slow.

The air cargo services company says it earned $10.5 million or 61 cents per diluted share for the quarter ended Sept. 30, down from $83.4-million or $4.33 per diluted share a year earlier. “We are prudently trimming capital expenditures and the entire Cargojet team is diligently working on identifying every cost saving opportunity.”

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