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Author: SmartStocks.ca Staff
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
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
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
Cenovus Energy Posts Resilient Q3 Amid Maintenance Hurdles
Financial Overview Cenovus reported robust third-quarter results, generating nearly $2.5 billion in cash from operations, down from $2.8 billion in Q2 due to lower oil and gas prices. Adjusted funds flow reached $2.0 billion, and free funds flow came in at $614 million. Net earnings were $820 million, or $0.42 per share, slightly lower than… Read more
Why Alimentation Couche-Tard Is An Underrated Growth Stock to Buy Right Now
Alimentation Couche-Tard Inc. (TSX: ATD) is one of the top stocks on the Toronto Stock Exchange, with a market cap of nearly $70 billion. Over the years, it has shown consistent growth and its stock price has risen by over 80% in the last five years. Despite those impressive gains, it still trades at a… Read more
Spin Master Sees Strong Toy Sales in Q3, But Profitability Remains a Challenge
Revenue Boosted by Toys, Led by Melissa & Doug Spin Master, known for its popular brands like Paw Patrol and new acquisition Melissa & Doug, reported a revenue increase of 25% year-over-year in its third-quarter earnings, totaling US$885.7 million compared to US$710.2 million last year. The standout performer in this growth was the toy segment,… Read more
Can WW International Stock Ride the GLP-1 Hype?
WW International, widely known for its WeightWatchers brand, has been rallying in recent weeks as it looks to benefit from offering GLP-1 weight-loss medications to its customers. But is that enough of a reason to buy this beaten-down stock, which is down around 90% so far this year? High Short Interest Reflects Market Skepticism With… Read more
DexCom Stock Falls After Underwhelming Q3 Earnings
Dexcom, Inc. (Nasdaq: DXCM) reported disappointing third-quarter 2024 earnings on Thursday, revealing just 2% revenue growth year-over-year to $994.2 million. This slow revenue expansion—particularly driven by a 2% decline in U.S. revenue—comes as the stock continues to trade at an elevated 46 times earnings, raising concerns about its valuation given the lack of strong growth.… Read more
McDonald’s Stock Declines Amid E. coli Outbreak: Should Investors Stay the Course?
Recent reports have linked an E. coli outbreak to McDonald’s (NYSE:MCD) quarter pounders, resulting in 49 illnesses. One person has died from the outbreak. This has triggered a temporary removal of the popular burger from some locations, causing the stock to fall. For McDonald’s, the news comes before it releases its latest earnings numbers, and… Read more
CVS Health Changes Leadership Amid Financial Struggles
CVS Health replaced its CEO, Karen Lynch, with David Joyner as the company faces financial challenges, especially with its Aetna insurance business. CVS warned that its Q3 earnings will miss expectations, causing shares to drop by more than 7% on Friday morning. The company’s stock has fallen 19% this year, leading to the leadership shift.… Read more