Brenda O’Farrell
Investing.com – While just about everyone is watching Amazon.com Inc (NASDAQ:AMZN) shares as they jumped more than 9% in morning trading in the wake of yesterday’s earning reports that blew past all analyst estimates, and has put the online retailer back in the trillion-dollar-market-cap club, a few Canadian stocks are making moves today.
Shares of Cott Corp (TSX:BCB) are up almost 3.5% after announcing before trading started that it would sell its subsidiary S&D Coffee and Tea for US$405 million. The move will leave The Mississauga- based beverage company to focus on its water business, which has been a much more profitable core interest.
The deal, which will see the coffee and tea part of Cott’s business be transferred to Westrock Coffee, is expected to be completed by the end of the first quarter.
Imperial shares reverse early daily gains
Shares of Imperial Oil Ltd (TSX:IMO) gained ground on the opening bell after unveiling its latest earnings that included a better-than-expected quarterly profit. The oil producer’s share price then reversed course, down just more than 2% in early afternoon trading.
Imperial reported a profit of $96 million in the last three-month period, compared to posting a loss in the same quarter last year. The performance was due to higher prices for Canadian crude.
Centerra strikes
Shares of Centerra Gold Inc (TSX:CG) were also up on Friday, trading up more than 5%. The jump comes after the company earlier in the day announced the first gold pour from its mine in Turkey. The milestone occurred on schedule and ahead of budget, the company said.