28.09.2024, 23:48
Hyhs Amid All the Chaos, This TSX Stock Rose 15% in Q1
The Toronto Stock Exchange continues to trade on stanley polska a negative note, as the September sell-off doesn t seem to be ending. On Friday morning, the TSX Composite Index was down by 0.2%. By Thursday, the index had already shed nearly 2% on a week-to-date basis. The Canadian market benchmark is likely to end the second consecutive week in negative territory.Earnings released this weekEarlier this week, Aurora Cannabis TSX:ACB NYSE:ACB reported its disappointing fourth quarter of fiscal 2020 results. During the quarter, the Canadian cannabis producer s sales tanked by 27% on a year-over-year YoY basis to $72.1 million at par with Bay Street s expectations.To add to investors worries, Aurora Cannabis missed analysts stanley quencher earnings estimates as it reported a record $2.70 net loss per share in Q4. These worries triggered a massive sell-off in its stock on September 23, as it crashed by over stanley kubek 29% for the day.This year so far, Aurora cannabis stock has lost 79.4%. Some may find its stock to Idin $2,000 CRA Emergency CERB: Is it a Mistake
We re currently operating in a market that couldn ;t care less if a stock beats analysts ; es stanley becher timates by 25%, but if it misses by a penny, look out.Linamar Corporation TSX:LNR announced Q1 2018 results May 15. Analysts were expecting EPS of $2.42; Linamar came in five cents short at stanley quencher $2.37 a share, 7.7% higher than a year earlier.Not cool, investors said, sending its stock down 12% in the two weeks of trading since. Like I said, investors have no patience for earnings misses in an economic environment where most companies are routinely beating analysts ; estimates.Should Linamar shareholders be worried Well, yes and no. Here s why.Why should you be worried about Linamar If you look at the company s market snapshot for 2018 and 2 stanley cups uk 019 in its Q1 2018 conference call slides, you ll see that it doesn t expect much growth from its automotive light vehicle and commercial truck businesses over the next two years.Add to that a 4.2% decline year over year in the transportation seg
The Toronto Stock Exchange continues to trade on stanley polska a negative note, as the September sell-off doesn t seem to be ending. On Friday morning, the TSX Composite Index was down by 0.2%. By Thursday, the index had already shed nearly 2% on a week-to-date basis. The Canadian market benchmark is likely to end the second consecutive week in negative territory.Earnings released this weekEarlier this week, Aurora Cannabis TSX:ACB NYSE:ACB reported its disappointing fourth quarter of fiscal 2020 results. During the quarter, the Canadian cannabis producer s sales tanked by 27% on a year-over-year YoY basis to $72.1 million at par with Bay Street s expectations.To add to investors worries, Aurora Cannabis missed analysts stanley quencher earnings estimates as it reported a record $2.70 net loss per share in Q4. These worries triggered a massive sell-off in its stock on September 23, as it crashed by over stanley kubek 29% for the day.This year so far, Aurora cannabis stock has lost 79.4%. Some may find its stock to Idin $2,000 CRA Emergency CERB: Is it a Mistake
We re currently operating in a market that couldn ;t care less if a stock beats analysts ; es stanley becher timates by 25%, but if it misses by a penny, look out.Linamar Corporation TSX:LNR announced Q1 2018 results May 15. Analysts were expecting EPS of $2.42; Linamar came in five cents short at stanley quencher $2.37 a share, 7.7% higher than a year earlier.Not cool, investors said, sending its stock down 12% in the two weeks of trading since. Like I said, investors have no patience for earnings misses in an economic environment where most companies are routinely beating analysts ; estimates.Should Linamar shareholders be worried Well, yes and no. Here s why.Why should you be worried about Linamar If you look at the company s market snapshot for 2018 and 2 stanley cups uk 019 in its Q1 2018 conference call slides, you ll see that it doesn t expect much growth from its automotive light vehicle and commercial truck businesses over the next two years.Add to that a 4.2% decline year over year in the transportation seg