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Shopify douses investor skepticism with solid quarter, shares jump 18 per cent
Shopify Inc. SHOP-T +17.85%increase reported earnings and guidance Wednesday that doused skepticism about its revenue and profit growth at a time of heightened macroeconomic uncertainty, driving the stock to one of its best […] This post is only…
Shopify Announces Second-Quarter 2024 Financial Results
Revenue up 21%, and up 25% Adjusting for the Sale of Our Logistics Businesses;Gross Profit up 25% Year Over Year;Free Cash Flow Margin More Than Doubled Year Over Year to […] This post is only…
Air Canada’s second-quarter profit falls as excess capacity hurts pricing power
Air Canada AC-T +1.61%increase reported a lower second-quarter profit on Wednesday, as excess capacity in certain markets and stiff competition on international routes hurt its pricing power.North American carriers are struggling to protect […] This post is only…
RB Global reports first quarter 2024 results
First Quarter Financial Highlights1,2,3:GTV increased 115% year-over-year to $4.1 billion, which includes $2.3 billion from IAA. Total revenue increased 108% year-over-year to $1.1 billion, which includes $588.6 million from IAA.Service revenue increased 147% year-over-year to $849.1 million, which includes $516.9 […] This post is only…
Aug 5, 2024 U.S. crude oil falls below $72 per barrel, hits six-month low as market sells off
West Texas Intermediate has erased its gain for the year and Brent is now down for 2024. Weak economic data in the U.S. sparked a selloff in equity markets as […] This post is only…
CANADIAN UTILITIES REPORTS SECOND QUARTER 2024 EARNINGS
CALGARY, AB, Aug. 2, 2024 /CNW/ – Canadian Utilities Limited (TSX:CU.TO)Canadian Utilities Limited (Canadian Utilities or the Company) today announced second quarter 2024 adjusted earnings of $117 million ($0.43 per share), which were $17 million ($0.06 per share) higher compared […] This post is only…
Auto parts maker Magna International sees Q2 net income hit US$328 million
Magna International Inc. says its second-quarter profit tumbled from a year ago to US$328 million.The Aurora, Ont.-based auto parts manufacturer, which keeps its books in U.S. dollars, says those earnings […] This post is only…
Enbridge Reports Strong Second Quarter 2024 Financial Results and Business Performance, Advances Strategic Priorities and Recasts Financial Outlook to include U.S. Gas Utilities Acquisitions
Enbridge Inc. (ENB) on Friday reported second-quarter net income of $1.42 billion.On a per-share basis, the Calgary, Alberta-based company said it had profit of 63 cents. Earnings, adjusted for non-recurring […] This post is only…
Imperial Oil reports $1.13 billion in net income, up from $675 million a year ago
Imperial Oil Ltd. saw a significant spike in net income in its second quarter, which reached $1.13 billion.The Calgary-based company says those results compared with a net income of $675 […] This post is only…