Investing.com - Here's a recap of earnings from TSX listed companies in the past week.
Tuesday, Feb 20
- First Quantum Minerals Ltd (TSX:FM) reported a net loss of US$1.45 billion or US$2.09 per share, for the quarter ended Dec. 31, compared with a profit of US$117 million, or US 17 cents per share a year earlier. The company was hit by the closure of its Cobre Panama mine and a US$900 million impairment charge related to its nickel mining operations.
Gibson Energy Inc . (TSX:GEI) reported earnings results for the full year ended December 31, 2023 and Q4, 2024. For the full year, the company reported sales was $11,014.69 million compared to $11,035.41 million a year ago. Net income was $214.21 million compared to $$223.25 million a year ago. Basic earnings per share from continuing operations was $1.43 compared to $1.53 a year ago
Net sales for Q4 totaled $2,810 million in the fourth quarter, while Q4 net income came in at $53 million.- Gildan Activewear Inc. (TSX:GIL) reported a fourth-quarter profit of US$153.3 million, up from US$83.9 million a year earlier. The profit amounted to US 89 cents per diluted share for the quarter ended Dec. 31, up from US 47 cents per diluted share a year earlier. Net sales totalled US$782.7 million, up from US$720.0 million.The company also announced it will raise its quarterly dividend of US 20.5 cents per share, up from US 18.6 cents per share.
Wednesday, Feb 21
First Quantum Minerals Ltd (TSX:FM) reported a net loss of US$1.45 billion or US$2.09 per share, for the quarter ended Dec. 31, compared with a profit of US$117 million, or US 17 cents per share a year earlier. The company was hit by the closure of its Cobre Panama mine and a $900 million impairment charge related to its nickel mining operations.
Gildan Activewear (TSX:GIL) Inc reported a fourth-quarter profit of $153.3 million, up from $83.9 million a year earlier. The profit amounted to 89 cents per diluted share for the quarter ended Dec. 31, up from 47 cents per diluted share a year earlier. Net sales totalled $782.7 million, up from $720.0 million.The company also announced it will raise its quarterly dividend of 20.5 cents per share, up from 18.6 cents per share.
Thursday, Feb 22
Suncor Energy Inc (TSX:SU). says it earned $2.82 billion in the fourth quarter of 2023, up from $2.74 billion in the same period of 2022.Net earnings for the three months ended Dec. 31 worked out to $2.18 per common share. Meanwhile, total upstream production for the quarter rose to 808,100 barrels of oil equivalent per day, the second-highest quarterly production in the company’s history. Oilsands production meanwhile hit 757,400 barrels a day, an all time high for the company.
Loblaw Companies (TSX:L) Ltd beat expectations for fourth-quarter profit. The grocery and drugstore retailer says it earned a profit available to common shareholders of $541 million or $1.72 per diluted share for the quarter ended Dec. 30. The result compared with a profit of $529 million or $1.62 per diluted share in the last three months of 2022. Revenue totalled $14.53 billion, up from $14.01 billion a year earlier.
Nutrien Inc. (TSX:NTR) says it earned US$176 million, or 35 cents per diluted share in the fourth quarter of 2023, down from US$1.12 billion or $2.15 per share a year-ago. Nutrien also declared a quarterly dividend of 54 cents per share payable, up 2% from its dividend as declared in November 2023.
Teck Resources (TSX:TECKa) Ltd beat fourth-quarter profit estimates, with a a profit attributable to shareholders of $483 million or 92 cents per diluted share for the quarter, up from $266 million or 51 cents per diluted share a year earlier. Revenue totalled $4.11 billion, up from $3.14 billion a year earlier.
Friday, Feb 23
- Docebo (TSX:DCBO) Inc's earnings beat analyst estimates, with the company reporting an adjusted net income of US$8.3 million, or $0.26 per share, compared to US$3.4 million, or US$0.10 for the comparative period in the prior year. Revenue totaled US$49.3 million, up 27% from the year earlier.
- Altus Group (TSX:AIF) climbed after posting a profit of improved to $0.1 million, compared to a loss of from $8.8 million this time a year ago. Earnings per share were $0.00 basic and diluted, compared to $0.20 this time a year ago. Consolidated revenues rose to $191.6 million, up 4.3% from this time a year ago.
- TransAlta Corp (TSX:TA). reported a loss attributable to common shareholders of $84 million or to 27 cents per diluted share, compared to a loss of $163 million or 61 cents per diluted share a year earlier. Revenue totalled $624 million, down from $854 million this time a year ago.
- CI Financial Corp 's (TSX:CIX) net loss widened significantly to $63.2 million or $0.40 a share, from a loss of $8.3 million, or $0.05, a year earlier. Revenue for the quarter rose 15% to $715.6 million. CI Financial (TSX:CIX) also reported that it ended the quarter with $125 billion in assets under management.
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