Author: SmartStocks.ca Staff
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Suncor Raises Dividend on Strong Q3 Earnings
Suncor Energy (TSX: SU)(NYSE:SU) recently reported a robust third quarter in 2024, reflecting both operational excellence and strategic financial management. Key highlights include significant increases in production, a new record in refining throughput, and an increased dividend for shareholders. Financial Highlights Suncor’s Q3 2024 performance demonstrated financial strength: Operational Excellence Suncor’s operational efficiency continued to Read more
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Loblaw Sales Grow by 1% in Q3 but Earnings Jump Due to Court Ruling
Earnings and Revenue Highlights For the third quarter ending October 5, Loblaw reported a net profit of $777 million, or $2.53 per share, marking a notable increase from $621 million, or $1.95 per share, in Q3 last year. This uptick was partly attributable to a Federal Court of Appeal decision favoring President’s Choice Bank, which Read more
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Shopify Stock Surges on Strong Q3 Results and Optimistic Q4 Outlook
Shopify Inc. (TSX:SHOP)(NYSE:SHOP) saw its stock climb more than 24% today after reporting robust third-quarter financials, showcasing strong revenue growth and profitability improvements. The e-commerce leader’s continued expansion, driven by its scalable platform and effective cost controls, has positioned it as a prime choice for merchants navigating an increasingly digital marketplace. Financial Highlights: Growth and Read more
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Global X Launches Russell 2000 ETFs on Cboe Canada: New Opportunities for Small-Cap Investors
The Canadian market now offers two new options for investors interested in U.S. small-cap stocks, thanks to the launch of Global X Russell 2000 Index ETF (RSSX/RSSX.U) and Global X Russell 2000 Covered Call ETF (RSCC) on Cboe Canada. These funds, providing unique ways to gain exposure to the diverse and high-potential U.S. small-cap sector, Read more
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Canadian Tire Shows Resilience Amid Challenging Consumer Environment, Raises Dividend for 15th Straight Year
Canadian Tire Shows Resilience Amid Challenging Consumer Environment, Raises Dividend Quarterly Financial Performance Canadian Tire recorded Q3 revenue of $4.19 billion, down 1.4% year-over-year, reflecting conservative spending as consumers prioritize essentials over discretionary items. Net income for the quarter reached $200.6 million, or $3.59 per diluted share, a sharp rebound from a $66.4 million loss Read more
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BCE Expands Into the U.S. but Pauses Dividend Growth
Strategic Expansion in the U.S. Market BCE has agreed to acquire Ziply Fiber, a leading fiber Internet provider in the U.S. Pacific Northwest, for approximately $5 billion in cash plus $2 billion in assumed debt, bringing the transaction value to $7 billion. This acquisition significantly bolsters BCE’s North American presence, positioning Bell Canada, its wholly Read more
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BCE Stock Faces Headwinds Amid Lower Revenue and Competitive Pressures
Financial Overview In Q3 2024, BCE posted an operating revenue of $5.97 billion, down 1.8% from the prior year as product revenue dropped 14.3%. The company attributed this to reduced demand in consumer electronics and lower mobile device sales, both impacted by ongoing price competition in the telecom space. Net loss for the quarter amounted Read more
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Lightspeed Narrows Losses, Raises Fiscal Outlook as Revenue Grows 20%
Quarterly Financial Highlights Lightspeed Commerce (TSX:LSPD)(NYSE:LSPD) posted revenue of $277.2 million for Q3 2024, marking a 20% increase year-over-year. This growth was driven by a 33% rise in transaction-based revenue, which reached $183.8 million, as more clients adopted Lightspeed Payments. Subscription revenue rose by a modest 6% to $85.5 million, impacted by slower-than-expected uptake, though Read more
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Restaurant Brands International Posts Modest 3.2% Growth in Q3
Quarterly Financial Overview Restaurant Brands International (TSX:QSR)(NYSE:QSR) reported total Q3 revenue of $2.29 billion, up from $1.84 billion in Q3 2023, boosted by acquisitions in the U.S. and China, which formed a new “Restaurant Holdings” segment. Adjusted operating income rose 6.1% to $652 million, supporting a modest 4.6% increase in adjusted diluted EPS to $0.93, Read more
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Fortis Reports Q3 Growth and Strengthens Long-Term Outlook
Third-Quarter Financial Highlights Fortis (TSX:FTS)(NYSE:FTS) reported third-quarter net earnings of $420 million, or $0.85 per share, up from $394 million or $0.81 per share in the same period last year. This improvement reflects regulated rate base growth across its portfolio and favorable earnings adjustments at Tucson Electric Power (TEP) due to new rates effective since Read more