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At the close: Stocks tick up, oil gains in thin holiday trading Dec 27th
Stocks edged higher as the world’s major financial markets resumed after a Christmas break, with oil gaining as OPEC supply cuts loom
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Canada Goose spreads wings with IPO + MORE Feb 16th
Canada Goose aims to boost brand awareness with IPO filing in Toronto and New York
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Longtime Trump Organization CFO granted immunity in Cohen case: reports - Globalnews.ca Aug 24th
Globalnews.caLongtime Trump Organization CFO granted immunity in Cohen case: reportsGlobalnews.caFederal prosecutors have granted immunity to Trump Organization Chief Financial Officer Allen Weisselberg in a probe involving President Donald Trump's former personal lawyer, Michael Cohen, the Wal.... More »
Philip Morris misses Street 2Q forecasts + MORE Jul 19th
NEW YORK, N.Y. – Philip Morris International Inc. (PM) on Tuesday reported second-quarter net income of $1.79 billion.
The New York-based company said it had net income of $1.15 per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Inv.... More »
Britain ready to confront expected Brexit volatility, treasury chief says + MORE Jun 27th
Treasury chief George Osborne said Britain's vote to leave the European Union was likely to lead to further volatility on financial markets but said the economy was about as strong as it could be to cope with the challenge ahead..... More »
Rumors of Recession
– online.wsj.com
The overriding economic problem is a lack of business confidence and investment.LinkedIn shares plunge almost 44 per cent
– canadianbusiness.com
SAN FRANCISCO – Investors gave LinkedIn a poor job review Friday in the form of a dramatic sell-off that wiped out nearly $11 billion in the professional networking site’s market value.
A surprise forecast for slower growth this year sent LinkedIn shares into a stomach-turning plunge of almost 44 per cent.
After the market closed Thursday, the online company reported better-than-expected earnings for the last quarter but warned that revenue would fall short of what analysts had projected for 2016. It also said it was discontinuing a new online advertising system that hadn’t worked out.
Several analysts noted that LinkedIn has a track record of issuing conservative forecasts and later beating them, but this time investors were shaken by the company’s financial guidance. The stock closed Friday at $108.38 after its worst slide since LinkedIn went public in 2011.
LinkedIn said it expects revenue of about $3.6 billion to $3.65 billion for this year, while analysts surveyed by FactSet were projecting sales of $3…
A surprise forecast for slower growth this year sent LinkedIn shares into a stomach-turning plunge of almost 44 per cent.
After the market closed Thursday, the online company reported better-than-expected earnings for the last quarter but warned that revenue would fall short of what analysts had projected for 2016. It also said it was discontinuing a new online advertising system that hadn’t worked out.
Several analysts noted that LinkedIn has a track record of issuing conservative forecasts and later beating them, but this time investors were shaken by the company’s financial guidance. The stock closed Friday at $108.38 after its worst slide since LinkedIn went public in 2011.
LinkedIn said it expects revenue of about $3.6 billion to $3.65 billion for this year, while analysts surveyed by FactSet were projecting sales of $3…
Suncor wins over majority of Canadian Oil Sands shareholders
– theglobeandmail.com
Suncor Energy Ltd. said Canadian Oil Sands Ltd. shareholders holding more than two-thirds of the stock tendered their shares in a C$4.3-billion ($3.2-billion) takeover that will make the country’s biggest crude producer also the largest owner of the Syncrude project in northern Alberta
The real estate technique fuelling Vancouver's housing market
– theglobeandmail.com
Middlemen using 'assignment clause' as loophole to maximize profits on houses they are flipping
Cameco posts 4th-quarter loss of $7.5 million
– canadianbusiness.com
SASKATOON – SASKATOON, Saskatchewan (AP) _ Cameco Corp. (CCJ) on Friday reported a fourth-quarter loss of $7.5 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Saskatoon, Saskatchewan-based company said it had a loss of 2 cents. Earnings, adjusted for non-recurring costs, were 28 cents per share.
The uranium producer posted revenue of $730.6 million in the period.
For the year, the company reported profit of $50.9 million, or 13 cents per share. Revenue was reported as $2.16 billion.
Cameco shares have climbed slightly since the beginning of the year. In the final minutes of trading on Friday, shares hit $12.34, a drop of 19 per cent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CCJ at http://www.zacks.com/ap/CCJ
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Keywords: Cameco, Earnings Report
The post Cameco posts 4th-quarter loss of $7.5 million appeared first on Canadian Business – Your Source For Business News.
On a per-share basis, the Saskatoon, Saskatchewan-based company said it had a loss of 2 cents. Earnings, adjusted for non-recurring costs, were 28 cents per share.
The uranium producer posted revenue of $730.6 million in the period.
For the year, the company reported profit of $50.9 million, or 13 cents per share. Revenue was reported as $2.16 billion.
Cameco shares have climbed slightly since the beginning of the year. In the final minutes of trading on Friday, shares hit $12.34, a drop of 19 per cent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CCJ at http://www.zacks.com/ap/CCJ
_____
Keywords: Cameco, Earnings Report
The post Cameco posts 4th-quarter loss of $7.5 million appeared first on Canadian Business – Your Source For Business News.
