Investing.com - Transat AT reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Transat AT announced earnings per share of C$-3.2 on revenue of C$508.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of C$-2.5 on revenue of C$571.58M.
Transat AT shares are up 20% from the beginning of the year and are trading at C$2.96 , down-from-52-week-high.They are outperforming the Nasdaq which is down 24.49% from the start of the year.
Transat AT shares lost 1.33% in intra-day trade after the report.
Transat AT follows other major Consumer Discretionary sector earnings this month
Transat AT's report follows an earnings missed by Canadian Tire Corporation on Thursday, August 11, 2022, who reported EPS of C$3.11 on revenue of C$4.4B, compared to forecasts EPS of C$3.6 on revenue of C$4.34B.
Canadian Tire Ltd had missed expectations on Thursday, August 11, 2022 with second quarter EPS of C$3.11 on revenue of C$4.4B, compared to forecast for EPS of C$3.6 on revenue of C$4.34B.
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