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© Reuters
By Ketki Saxena
Investing.com – The TSX rallied today, tracking the Nasdaq and S&P500 higher as tech stocks received a boost from Meta earnings and raised hopes for positive results from Apple (NASDAQ:AAPL) and Alphabet (NASDAQ:GOOGL), due today after the closing bell.
Markets also gained support from the US Federal Reserve’s muted 25 bps point hike yesterday, and comments that the “disinflationary process’’ has begun which may cause the central bank ot begin cutting rates later this year. ,
The commodity heavy Canadian index gained some support from crude prices, as hopes for a Fed pivot take hold, and as the European Union’s ban on Russian refined products is set to take effect on Feb. 5.
Rogers Communications Inc (TSX:RCIa). reported Q4 profit of $508 million, up from $405 million in the same quarter a year earlier. Profit amounted to $1 per diluted share for the three months ended Dec. 31, up from 80 cents per diluted share in the fourth quarter of 2021.Revenue totalled $4.17 billion, up from $3.92 billion a year earlier.On an adjusted basis, profits equated to $1.09 per diluted share, up from 96 cents per diluted share this time last year.
Canada goose reported net income attributable to shareholders of $134.9 million or $1.28 per diluted share for the quarter, down from $151.3 million or $1.40 per diluted share a year earlier. Revenue totalled $576.7 million, down from $586.1 million, down from this time last year. On an adjusted basis, Canada Goose (TSX:GOOS) earned $1.27 per diluted compared with an adjusted profit of $1.40 per diluted share a year earlier.
Lightspeed (TSX:LSPD) which keeps its books in U.S. dollars, posted a quarterly loss of US$814.8 million or US$5.39 per diluted share, compared with a net loss of US$65.5 million or 44 cents per diluted share a year earlier. Weighing on what was the third quarter was a non-cash goodwill impairment charge of US$748.7 million. Revenue for the quarter ended Dec. 31 totalled US$188.7 million, up from US$152.7 million in the same quarter a year earlier.
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