Earnings News

Canadian oil sands producer Athabasca Oil cuts capex

(Reuters) - Canada's Athabasca Oil Corp , which processes oil sands to produce crude, said it would cut its capital expenditure by nearly 5 percent as oil prices stay low. The company said it would now spend C$291 million ($224 million) this year, down from its earlier estimate of C$305 million due to a reduction in planned thermal oil expenditure. Weak prices have curbed growth in Canada's oil …

  • A TMX Group sign, the company that runs the Toronto Stock Exchange, is seen in Toronto
    TSX gains as energy shares bounce; Open … Reuters - 4 hours ago

    By Alastair Sharp TORONTO (Reuters) - Canada's main stock index rose on Thursday, helped by a second day of gains for energy shares after plumbing new depths earlier … More »TSX gains as energy shares bounce; Open …

    A TMX Group sign, the company that runs the Toronto Stock Exchange, is seen in Toronto

    By Alastair Sharp TORONTO (Reuters) - Canada's main stock index rose on Thursday, helped by a second day of gains for energy shares after plumbing new depths earlier in the week, and with shares in Open Text Corp surging after the software company's outlook impressed investors. Oil and gas is better on slightly better …

  • Shopify stock jumps 14% after it boosts … CBC - 5 hours ago

    Ottawa tech startup Shopify saw its stock jump by 14 per cent on Thursday after it announced second quarter revenues increased by 90 per cent. Shopify provides technology … More »Shopify stock jumps 14% after it boosts …

    Ottawa tech startup Shopify saw its stock jump by 14 per cent on Thursday after it announced second quarter revenues increased by 90 per cent. Shopify provides technology that helps businesses sell online and has clients such as : Tesla Motors, Budweiser, Wikipedia and the New York Stock Exchange. The number of merchants …

  • Procter & Gamble Tide detergent pods are seen at the Safeway store in Wheaton Maryland
    P&G results raise concerns about pace … Reuters - 6 hours ago

    Procter & Gamble Co reported its sixth straight quarter of falling sales, hurt mainly by the stronger dollar. P&G, struggling in an increasingly competitive consumer … More »P&G results raise concerns about pace …

    Procter & Gamble Tide detergent pods are seen at the Safeway store in Wheaton Maryland

    Procter & Gamble Co reported its sixth straight quarter of falling sales, hurt mainly by the stronger dollar. P&G, struggling in an increasingly competitive consumer products industry, has been trying to turn itself around since 2014 by focusing on fewer, faster-growing brands. JP Morgan analysts noted that P&G's volume …

  • Virgin America Inc. President and Chief Executive Officer Cush waves after ringing the opening bell of the trading session as Virgin America Inc. celebrated its initial public offering at the NASDAQ Market Site in New York
    Flying through Dallas: Virgin America … Reuters - 6 hours ago

    Virgin America Inc , a low-cost airline partly owned by billionaire Richard Branson, said it expects business to improve in Dallas, a major airline hub where competition … More »Flying through Dallas: Virgin America …

    Virgin America Inc. President and Chief Executive Officer Cush waves after ringing the opening bell of the trading session as Virgin America Inc. celebrated its initial public offering at the NASDAQ Market Site in New York

    Virgin America Inc , a low-cost airline partly owned by billionaire Richard Branson, said it expects business to improve in Dallas, a major airline hub where competition has led to increased discounting. Dallas, which accounts for 12 percent of Virgin America's total capacity, is the hometown of No. 1 U.S. airline American …

  • Traders work at the post where Time Warner Cable is traded on the floor of the New York Stock Exchange
    Time Warner Cable targets closing Charter … Reuters - 9 hours ago

    Time Warner Cable Inc said on Thursday it was working towards closing the deal with Charter Communications by the end of the year. Charter said in May that it would … More »Time Warner Cable targets closing Charter …

    Traders work at the post where Time Warner Cable is traded on the floor of the New York Stock Exchange

    Time Warner Cable Inc said on Thursday it was working towards closing the deal with Charter Communications by the end of the year. Charter said in May that it would buy Time Warner Cable in a cash-and-stock deal, which valued the larger rival at $78.7 billion. "We're well into the process of seeking regulatory approvals …

  • A new Bombardier CS100 passenger jet of Swiss airline flies over Zurich airport near the town of Kloten
    Bombardier delays business jet, shares … Reuters - 10 hours ago

    (Reuters) - Canadian plane and train maker Bombardier Inc reported lower earnings and sharply higher cash use on Thursday, and pushed back delivery of its new Global … More »Bombardier delays business jet, shares …

    A new Bombardier CS100 passenger jet of Swiss airline flies over Zurich airport near the town of Kloten

    (Reuters) - Canadian plane and train maker Bombardier Inc reported lower earnings and sharply higher cash use on Thursday, and pushed back delivery of its new Global business jet, driving down its share price. Bombardier, which has been spending heavily to bring its new CSeries jet into service, used $808 million in free …

  • Uranium producer Cameco sees 5-10 percent … Reuters - 11 hours ago

    (Reuters) - Canada's Cameco Corp , one of the world's largest uranium producers, raised its full-year revenue forecast, helped by increased capacity from its purchase … More »Uranium producer Cameco sees 5-10 percent …

    (Reuters) - Canada's Cameco Corp , one of the world's largest uranium producers, raised its full-year revenue forecast, helped by increased capacity from its purchase of nuclear fuel broker Nukem Energy GmbH in 2013. Cameco, which owns the world's largest uranium producing mine at McArthur River, Saskatchewan, reiterated …

  • An employee of Teva stands in Jerusalem oral solid dosage plant
    Teva's MS drug Copaxone has strong … Reuters - 11 hours ago

    Teva Pharmaceutical Industries , which this week revealed plans to buy Allergan's generics drugs business in a $40.5 billion deal, said on Thursday sales of its branded … More »Teva's MS drug Copaxone has strong …

    An employee of Teva stands in Jerusalem oral solid dosage plant

    Teva Pharmaceutical Industries , which this week revealed plans to buy Allergan's generics drugs business in a $40.5 billion deal, said on Thursday sales of its branded multiple sclerosis drug Copaxone rose 12 percent in the second quarter even though it faces new competition. Teva, the world's biggest generic drug maker, …

  • Penn West Petroleum cuts 2015 budget … Reuters - 13 hours ago

    (Reuters) - Canadian oil producer Penn West Petroleum Ltd cut its 2015 capital budget for the second time as it looks to contain costs amid a steep fall in crude oil … More »Penn West Petroleum cuts 2015 budget …

    (Reuters) - Canadian oil producer Penn West Petroleum Ltd cut its 2015 capital budget for the second time as it looks to contain costs amid a steep fall in crude oil prices. The company also reported a smaller-than-expected quarterly loss, helped by a 21 percent fall in total expenses. Penn West cut its capital budget …

  • A 3D plastic representation of the Facebook logo is seen in this illustration in Zenica
    Facebook profit falls 9 percent as costs … Reuters - Wed, 29 Jul, 2015

    Facebook Inc reported quarterly revenue that beat forecasts but its profit fell 9 percent as the social media company sharply increased spending to boost mobile revenue … More »Facebook profit falls 9 percent as costs …

    A 3D plastic representation of the Facebook logo is seen in this illustration in Zenica

    Facebook Inc reported quarterly revenue that beat forecasts but its profit fell 9 percent as the social media company sharply increased spending to boost mobile revenue and future growth. "We're investing in the next set of services and what will be future investments like Messenger, WhatsApp and Oculus," Chief Operating …

  • Open Text revenue beats estimates for … Reuters - Wed, 29 Jul, 2015

    Canada's business software maker Open Text Corp raised its fiscal 2016 operating margin forecast and reported a better-than-expected revenue for the first time in four … More »Open Text revenue beats estimates for …

    Canada's business software maker Open Text Corp raised its fiscal 2016 operating margin forecast and reported a better-than-expected revenue for the first time in four quarters as it closed more big contracts. Open Text's U.S.-listed shares rose 14 percent in trading after the bell on Wednesday as the financial results …

  • Traders work on the floor of the New York Stock Exchange
    Global stocks, dollar gain as Fed sees … Reuters - Wed, 29 Jul, 2015

    By Herbert Lash NEW YORK (Reuters) - Global equity markets rose on Wednesday, lifted by strong U.S. and European corporate earnings and a Federal Reserve statement that … More »Global stocks, dollar gain as Fed sees …

    Traders work on the floor of the New York Stock Exchange

    By Herbert Lash NEW YORK (Reuters) - Global equity markets rose on Wednesday, lifted by strong U.S. and European corporate earnings and a Federal Reserve statement that said the U.S. economy continues to strengthen, adding to expectations an interest rate hike is getting closer. Fed officials said they felt the U.S. economy …

  • Sign with a logo of MasterCard is seen on the door of a shoe shop in Stavropol
    MasterCard's revenue misses estimates … Reuters - Wed, 29 Jul, 2015

    (Reuters) - MasterCard Inc , the operator of the world's second largest payment network, reported lower-than-expected quarterly revenue as the company offered more rebates … More »MasterCard's revenue misses estimates …

    Sign with a logo of MasterCard is seen on the door of a shoe shop in Stavropol

    (Reuters) - MasterCard Inc , the operator of the world's second largest payment network, reported lower-than-expected quarterly revenue as the company offered more rebates and incentives to win new and renewed deals. Shares of MasterCard, which operates the world's second largest payment network, fell about 3 percent in …

  • A jogger runs past a signage for pharmaceutical giant GlaxoSmithKline in London
    GSK flags up pipeline as HIV drugs help … Reuters - Wed, 29 Jul, 2015

    By Ben Hirschler LONDON (Reuters) - GlaxoSmithKline moved to reclaim its prowess as a research powerhouse on Wednesday by flagging up dozens of new drugs and vaccines … More »GSK flags up pipeline as HIV drugs help …

    A jogger runs past a signage for pharmaceutical giant GlaxoSmithKline in London

    By Ben Hirschler LONDON (Reuters) - GlaxoSmithKline moved to reclaim its prowess as a research powerhouse on Wednesday by flagging up dozens of new drugs and vaccines in development, as demand for new HIV medicines helped it beat quarterly profit forecasts. Strong sales of Tivicay and Triumeq validated GSK's decision …

  • Canadian miner Sherritt posts wider … Reuters - Tue, 28 Jul, 2015

    (Reuters) - Canadian miner Sherritt International Corp reported a bigger loss for the second quarter, hurt by lower nickel prices. The Toronto-based company said on … More »Canadian miner Sherritt posts wider …

    (Reuters) - Canadian miner Sherritt International Corp reported a bigger loss for the second quarter, hurt by lower nickel prices. The Toronto-based company said on Tuesday its adjusted net loss from continuing operations widened to C$75.2 million ($58.2 million), or 25 Canadian cents per share, in the three months ended …

  • A new all-female crowdfunding initiative aims to make it easier for women entrepreneurs to raise money and get the support  they need to build their businesses. The project called Radical Generosity, launched this week, is trying to recruit 1,000 Canadian women willing to chip in $1,000 each to create a $1 million pool …

  • An airplane is seen on the tarmac at the United Parcel Service (UPS) Regional Air Hub in Rockville

    Package delivery company UPS on Tuesday reported a better-than-expected second-quarter profit on improved margins, and said U.S. economic growth was being hampered by a strong dollar and an expected interest rate hike. Shares in Atlanta-based United Parcel Service Inc rose more than 2 percent. "The continued strength …