Investing.com -- Here’s a recap of earnings calls from Canada’s biggest companies so far in the week of Feb 12- 16, and what’s in store for the rest of the week ahead.
Monday
Shopify (TSX:SHOP) Inc
Shopify reported a 24% increase in fourth-quarter revenue to US$2.1 billion, beating analyst expectations of $2.08 billion. Fourth-quarter net income came in at $657 million, or 51 cents per share. Despite beats on both the top and bottom lines, Shopify shares slid as forecasts failed to live up to expectations.
Restaurant Brands (TSX:QSP_u) Int
Tim Hortons and Burger King parent Restaurant Brands International (TSX:QSR) posted net income attributable to shareholders jumping to $508 million, or $1.60 per share, from $229 million, or 74 cents per share. Revenue climbed to $1.82 billion, edging past the expected $1.81 billion.
Intact Financial (TSX:IFC)
Intact Financial Corp . says it earned $531 million in the fourth quarter of 2023, up 15% from earnings of $353 million during the same quarter a year earlier. Earnings per share were $2.78 for the fourth quarter, up from $1.88 in the same quarter a year earlier.
Hydro One (TSX:H) Limited
Hydro One Ltd. reported a profit of $181 million in Q4, amounting to 30 cents per diluted share. The result compared with a profit of $178 million or 30 cents per diluted share a year earlier. Revenue totalled $1.98 billion, up from $1.86 billion a year earlier.
Wednesday
Barrick Gold (NYSE:GOLD)
Barrick Gold Corp. reported a fourth-quarter net income of US$479 million, amounting to net income of US$0.27 cents per share. Revenue totaled US$3.06 billion for the quarter. For the full year 2023, Barrick’s profit attributable to equity holders was $1.27 billion for the year, more than tripling from $432 million a year earlier. Net earnings increased by 200% to $0.72 per share
Manulife Financial Corp (TSX:MFC)
Manulife Financial Corp. reported a net income attributed to shareholders of $1.66 billion for the quarter ending Dec. 31, up 81% from $915 million this time last year. Core earnings of $1.77 billion, or 0.92 cents per share in the quarter, up from $1.54 billion or 0.77 cents per share last year.
CAE Inc. (TSX:CAE)
CAE posted a profit of $56.5 million for the quarter, down from $78.1 million a year earlier. On an adjusted basis, it reported earnings of 24 cents per share in its latest quarter, down from 27 cents per share a year earlier. Revenue totalled $1.09 billion, up 13% from $969.9 million a year earlier.
goeasy Ltd (TSX:GSY)
Net income in the fourth quarter was $74.6 million, up 161% from $28.6 million in the same period of 2022, which resulted in diluted earnings per share of $4.34, up 154% from the $1.71 reported in the fourth quarter of 2022. For it’s easyfinancial business, the company reported a record revenue of $299 million, up 27%.
Thursday
Cenovus Energy (TSX:CVE) Inc
Cenovus reported fourth quarter net earnings of $743 million or $0.39 a share, down from $784 million, or $0.39, a year earlier The company's 's revenue fell to $13.1 billion from $14.1 billion.
Great-West Lifeco (TSX:GWO)
Great-West Lifeco Inc . reported fourth quarter net earnings pf $740 million, up from $452 million during the same quarter last year. Net earnings per common share were 79 cents, up from 48 cents in the same quarter last year.
Air Canada (TSX:AC)
Air Canada reported fourth-quarter net income of $184 million and diluted earnings per share of $0.41 compared to a net income of $168 million and diluted earnings per share of $0.41 in this quarter a year ago. Operating revenues of $5.175 billion increased $495 million or 11% year over year. For the full year 2023, Air Canada reported record operating revenues of $21.8 billion for 2023, up 32% from full year 2022.
TC Energy (TSX:TRP)
TC Energy reported fourth-quarter profit of $1.46 billion, amounting to $1.41 per share. The result compared with a loss of $1.45 billion or $1.42 per share this time last year, when the company took a one-time charge related to its Coastal GasLink project. Revenue for the quarter totalled $4.24 billion, up from $4.04 billion in the fourth quarter of 2022.
Fairfax Financial (TSX:FFH)
Fairfax Financial, which keeps its books in U.S. dollars, reported a fourth-quarter profit attributable to shareholders of US$1.3 billion, down from US$2.3 billion a year earlier. The profit amounted to US$52.87 per diluted share for the quarter ended Dec. 31, down from US$91.87 per diluted share a year earlier. Net insurance revenue was up at US$5.68 billion from US$5.31 billion a year ago.
This content wast last updated at 2:00 p.m o February 16.