Postmedia Network Canada Corp. reported a profit of $5.8 million in its latest quarter as it said revenue fell 10.3 per cent compared with a year earlier. The media company says the profit amounted to six cents per share for the quarter ended Nov. 30 compared with a profit of $17.8 million, or 10 cents per share, a year ago when it benefited from a gain on debt settlement.Revenue for what was the first quarter of the company’s financial year totalled $189 million, compared with $210.8 million a year ago as a drop in print revenue more than offset gains on the digital side.Print advertising revenue fell 17.9 per cent and print circulation revenue dropped 6.1 per cent, while digital revenue increased 14.5 per cent in the quarter with digital advertising revenue up 17.3 per cent.Total operating expenses excluding depreciation, amortization, impairment and restructuring decreased $26 million, or 13.6 per cent, compared with the same period a year earlier due to cost-reduction … [Read more...] about Postmedia reports $5.8 million profit as revenue falls
MONTREAL—The Jean Coutu Group Inc. reported a drop in its third-quarter profit compared with a year ago, weighed down by costs related to the sale of the company to Metro Inc. and changes affecting its generic drug business.The pharmacy chain says it earned $42.1 million or 23 cents per share for the quarter ended Dec. 2, compared with a profit of $51.2 million or 28 cents per share a year earlier.Revenue totalled $758.9 million, down from $763.7 million in the same quarter a year earlier.In November, Jean Coutu shareholders voted 99.9 per cent to a takeover offer by Metro in a stock-and-cash deal worth $4.5 billion, or $24.50 per share.The transaction is expected to close later this year. … [Read more...] about Metro takeover, generic-drug changes weigh down Jean Coutu’s profits
CALGARY—Shaw Communications Inc. reported a first-quarter profit of $114 million as it ramped up its Freedom Mobile wireless business.The company says the profit amounted to 22 cents per diluted share for the quarter ended Nov. 30, up from $89 million or 18 cents per diluted share a year earlier.Revenue totalled $1.25 billion, up from $1.22 billion.Wireless revenue climbed 26.8 per cent to $175 million, while wireline revenue fell 0.4 per cent to $1.08 billion.During the quarter, Shaw said it added approximately 34,000 wireless subscribers compared with 9,500 net additions in the same quarter a year earlier. … [Read more...] about Shaw Communications reports $114-million profit, added 34,000 wireless subscribers
Earnings growth has been the single biggest driver of stock market gains since the start of the 8 1/2-year equity bull market. Goldman Sachs has identified the 13 S&P 500 companies set to expand profits the most in 2018. Earnings growth has been the undeniable backbone of the 8 1/2-year bull market. But it’s not always easy to pick out the companies that are going to be the biggest contributors. That rings especially true as we enter 2018, as analysts forecast that GOP tax reform will boost a wide range of sectors, making it even more difficult to identify the elite crust of stocks. That’s where Goldman Sachs comes in. The firm has ranked stocks in the benchmark S&P 500 index by expected 2018 earnings-per-share (EPS) growth, providing a handy guide to the companies they see best supporting more profit-driven gains. Of course, earnings growth is just one component. There are many other factors that are crucially important … [Read more...] about GOLDMAN SACHS: These 13 stocks will see profits explode higher in 2018
LOS ANGELES—Nine-year-old Adalyn Ficken snuggled next to her dad in the reclining movie-theatre seats, clutching a teddy bear in one hand and a cup of popcorn in the other, waiting for the film to start.A pudgy 5-year-old boy tugging an IV pole behind him raced into the theatre, his mom rushing up behind him. Some of the moviegoers wore hospital gowns or arrived in wheelchairs.Far away from the starry happenings around Sunday’s Golden Globe Awards, this Lollipop Theater Network screening of Ferdinand at a local children’s hospital is among hundreds of film events made possible by the profitability of the annual awards show. While stars may consider the show an opportunity to swig Champagne and socialize with their well-dressed pals, non-profit groups see the Globes as a source of much-needed financial support.The Hollywood Foreign Press Association (HFPA) has been sharing spoils from the Globes’ international broadcast with arts-oriented non-profits for 30 … [Read more...] about Airing of Golden Globes each year helps arts-oriented non-profits across U.S.