) rose on Wednesday after it beat first-quarter profit estimates on higher bullion prices and said it has entered into an exploration partnership with Geophysx Jamaica.
The Toronto-based company, in a separate release, said as part of its agreement with Geophysx, Barrick will have the right to work with the private mineral exploration company to earn up to an 80% joint-venture interest in designated properties located in Jamaica. Calgary-based Cenovus said total upstream production rose nearly 3 per cent to 800,900 barrels of oil equivalent per day in the January-March quarter from a year earlier.
At list prices, the order was valued at US$326.4-million at the time of signing, but could amount to more than US$6-billion if NetJets exercises its option for all 232 jets. CEO Andy Jassy told analysts that for Amazon “there is a big opportunity in front of us” in servicing AI customers. First-quarter sales increased 13 per cent to US$143.3-billion, higher than the US$142.5-billion average, according to LSEG data. Net income more than tripled to US$10.4-billion in the first quarter.
That compares with a rise in cloud-computing revenue of 31 per cent for Microsoft and 28 per cent for Alphabet for the January-to-March period.) remain the only members of the so-called Magnificent Seven tech stocks that do not offer dividends. Its shares have climbed about 15 per cent in 2024, outperforming the S&P 500′s gain of about 6 per cent.
The company raised both ends of its 2024 profit forecast range by 10 US cents and now expects to earn US$2.15 to US$2.35 per share. Pfizer posted an adjusted profit of 82 US cents per share, while analysts on average were expecting it to earn 52 US cents, according to LSEG data.) was lower despite topping expectations for first-quarter revenue and profit on Wednesday, aided by sustained consumer demand well as easing prices of grocery items.
Loblaw’s revenue rose 4.5 per cent to $13.58-billion from a year earlier, compared with analysts’ average estimate of $13.46-billion, according to LSEG data. The provision announced late Tuesday – which the bank said relates to penalties by one undisclosed regulator – is the first indication Canada’s second-largest lender has provided on the impact of the investigation as its stretches into its second year.
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