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Tag Archives: profit

CIBC and TD profit rises, but investors still bracing for signs of weakness


Canadian Imperial Bank of Commerce’s personal and commercial banking unit was resilient in its fourth quarter, with profit rising 8.8 per cent from the same period last year to $655 million, but it could have been even better if it hadn’t set aside more money for loan losses. Funds that …

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Lululemon Athletica Inc’s stock sinks 13% after profit falls on rising costs


Worries about Lululemon are dragging on the retailer’s shares after the athletic-wear company cut its revenue and profit expectations for the fiscal year and profit fell in the third quarter. Though chief executive Laurent Potdevin said quarterly results released Wednesday were in line with the company’s expectations and promised the …

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General Motors Co raises 2016 profit outlook, boosts share buybacks, dividend


DETROIT — General Motors Co said on Wednesday it will return more cash to shareholders by raising its stock buyback program by 80 per cent to US$9 billion and increasing its dividend, sending shares up 4.6 per cent in premarket trading. GM also raised its 2016 earnings per share forecast …

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Royal Dutch Shell expects profit to plunge as oil sell-off continues


LONDON — In the latest sign of industry damage from the plummeting price of oil, Royal Dutch Shell said Wednesday that it expected its profit for the fourth quarter of 2015 to be about half of what it was in the comparable period a year earlier. Shell issued the preliminary …

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Imperial Oil Ltd fourth quarter profit plunges 84% on low oil prices


Imperial Oil Ltd., the Canadian affiliate of Exxon Mobil Corp., said profit in the fourth quarter sank as oil remained near 12-year lows amid rising production. Net income in the quarter fell to $102 million, or 12 cents a share, from $671 million, or 79 cents a year earlier, Imperial …

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Indigo Books and Music Inc profit soars to highest in 3 years as general merchandise shift pays off


Indigo Books and Music Inc., Canada’s largest bookstore chain, said fiscal third-quarter profit soared 60 per cent as the company’s shift to general merchandise begins to pay dividends. Net income jumped to $52.8 million, or $2.02 a share, compared with $33 million, or $1.27, for the same period a year …

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Manulife Financial Corp profit slides 62% as energy investments take a hit: ‘A disappointing year’


TORONTO — Energy exposure hit the bottom line of Manulife Financial Corp. in the fourth quarter, causing the shares to slide by as much as 12 per cent in Thursday trading despite a nine per cent hike in the dividend. Quarterly net earnings missed analyst estimates and included a $361 …

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