The Toronto-based company says earnings per share were $3.68, up from $2.06 per share during the same quarter last year.
Chief executive Jason Mullins says it was a strong start to the year with over $200-million in loan portfolio growth, and the lender expects to finish at the high end of its loan growth forecast for the year. In a research note, Raymond James analyst Stephen Boland said: “GSY reported another strong quarter as expected. The company reported headline EPS of $3.40 and adjusted EPS of $3.81 vs consensus and RJL at $3.81. Credit continues to be stable with strong growth across the portfolio . The reported and adjusted ROEs were 21.9 per cent and 24.6 per cent, respectively. The adjusted operating margin remained above 40 per cent as scale impacts the operations.
The privatization deal got the OK from existing Canadian shareholders, Nuvei CEO Philip Fayer, private equity firm Novacap and pension fund CDPQ. It also reported first-quarter revenue and profit above expectations, sending its shares up in Wednesday trading. Lyft forecast adjusted earnings before interest, taxes, depreciation and amortization between US$95-million and US$100-million, surpassing analysts’ average expectations of $81.1 million.
Adding to the company’s pressure, its core clientele is made up of small and medium-sized businesses that have been more susceptible to the hit from sticky inflation. “Greater stability in the markets is creating increased market liquidity,” said chief executive officer Bruce Flatt and president Connor Teskey, in a joint letter to shareholders released Wednesday. “This in turn is leading to greater transaction activity, which is supported by a significant amount of dry powder to invest.”The Calgary-based company said total upstream production was 835,300 barrels per day , a record for the first quarter and up 12.
The company said it achieved its highest-ever first-quarter refining throughput at 455,300 bpd, up 23.8 per cent from a year ago. Refinery utilization was at 98 per cent in same period, compared with 79 per cent from a year earlier. Chief financial officer Mark Segal says toy gross product sales excluding the acquisition’s impact were in line with a year earlier, during what’s normally the lowest quarter for the toy industry.
Source: News Formal (newsformal.com)
Quarter Company Share Growth Loss Revenue Tesla Advent International Toronto Stock Exchange Raymond James
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: globeandmail - 🏆 5. / 92 Read more »
Source: globeandmail - 🏆 5. / 92 Read more »
Source: globeandmail - 🏆 5. / 92 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: globeandmail - 🏆 5. / 92 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »