Shares of Sherritt International Corp. were down more than 15 per cent after the company reported disappointing earnings blamed on low cobalt prices and complications in Cuba.
The losses came after the company saw cobalt prices, which had run up on speculation of increased demand from the battery sector and supply disruptions in the Democratic Republic of Congo, fall 70 per cent year over year. The government paid US$5.7 million to the company in the quarter, far short of the US$24.8 million expected out of the US$171.6 million total overdue from the company’s share of power and oil and gas revenues in the country.
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
West Fraser misses first quarter analyst expectations as earnings plungeThe company says it lost $5 million or seven cents per share in the quarter ending March 31, compared with earnings of $197 million or $2.53 per share for the same period last year.
Источник: VancouverSun - 🏆 49. / 61 Прочитайте больше »
Premarket: Global shares fall as China stimulus worries offset upbeat earningsPremarket: Global shares fall as China stimulus worries offset upbeat earnings GlobeInvestor
Источник: globeandmail - 🏆 5. / 92 Прочитайте больше »
Six months after legalization, high prices and supply issues boost illicit pot marketOn 4-20, the first annual celebration of cannabis culture post-legalization, many pot enthusiasts are still smoking joints they did not buy through legal channels. Don't get greedy Holy crap do we give a lot of press to pot. Leave it to the government to step in and screw everything up...!’
Источник: CTVNews - 🏆 1. / 99 Прочитайте больше »
TSX Composite earnings scorecard: How first-quarter results have faredOf the 18 companies in the index that have reported earnings to date for Q1 2019, 27.8 per cent reported above analyst expectations globeinvestor Lots of Fared.... Today
Источник: globeandmail - 🏆 5. / 92 Прочитайте больше »
Shadow of deadly crashes hangs over Boeing's 1Q earningsWhen Boeing releases first quarter results Wednesday, investors will be looking beyond profit and revenue numbers to clues about the fate of the company's bestselling plane and when it might fly again.
Источник: CTVNews - 🏆 1. / 99 Прочитайте больше »
Mark Zuckerberg just got $4.5-billion richer thanks to blockbuster Facebook earningsSurging Facebook shares push his fortune higher after he lost $20 billion in 2018 Canadian lawmakers should control this jerk! canpoli
Источник: nationalpost - 🏆 10. / 80 Прочитайте больше »