Corus Entertainment revenue up, net income doubles, adjusted earnings flat + MORE Oct 23rd

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4.5 year – 2.50%

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This GIC rate is offered by DUCA Financial Services and was updated on 2014-06-13. Click on the link above to get more details or apply online.

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5.5 year – 2.60%

– ratesupermarket.ca

This GIC rate is offered by DUCA Financial Services and was updated on 2014-07-12. Click on the link above to get more details or apply online.

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FORT WORTH, Texas – FORT WORTH, Texas (AP) — American Airlines Group Inc. (AAL) on Thursday reported third-quarter earnings of $942 million.
The Fort Worth, Texas-based company said it had profit of $1.28 per share. Earnings, adjusted for non-recurring costs, came to $1.66 per share.
The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.
The world’s largest airline posted revenue of $11.14 billion in the period, which did not meet Street forecasts. Analysts expected $11.16 billion, according to Zacks.
American Airlines shares have risen 47 per cent since the beginning of the year.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. AAL stock research report from Zacks: http://www.zacks.com/ap/AAL
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Keywords:American Airlines,Earnings Report,Priority Earnings
The post American Airlines beats 3Q profit expectations, misses revenue forecasts appeared first on Canadian Business.

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TORONTO – Corus Entertainment Inc. (TSX:CJR.B) turned in a mixed financial report on Thursday, with improvements in television, a decline in radio and reduced profit expectations for the 2015 financial year that began Sept. 1.
The Toronto-based company reported it had $23.7 million of net income and an adjusted profit of $26.8 million in the fourth quarter of its 2014 financial year, which ended Aug. 31.
Its adjusted earnings per share was 31 cents, unchanged from the fourth quarter of fiscal 2013, while net income per share doubled to 28 cents per share mainly due to non-recurring items.
Corus said its total revenue for the three months ended Aug. 31 was $201.6 million, up from $181.9 million a year earlier, including the impact of several acquisitions.
The company’s TV division experienced higher revenue and operating profit in the summer quarter but its radio division saw declines on both counts.
It says its financial results for the full fiscal 2014 were below its internal expectations and, as a result, Corus is lowering its guidance for the 2015 financial year from the previous estimate…

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The Before the Bell report is constantly updated to reflect the latest news developments and market moves in the premarket.

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