TORONTO – Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (21,768.53, up 186.55 points.)
Enbridge Inc. (TSX:ENB). Energy. Down $1.92, or 3.65 per cent, to $50.70 on 29 million shares.
Aleafia Health Inc. (TSX:AH). Health care. Down four cents, or 18.18 per cent, to 18 cents on 9.7 million shares.
Hexo Corp. (TSX:HEXO). Health care. Up 14 cents, or 6.7 per cent, to $2.23 on 8.2 million shares.
B2Gold Corp. (TSX:BTO). Materials. Down 21 cents, or 3.59 per cent, to $5.64 on 8.1 million shares.
Suncor Energy Inc. (TSX:SU). Energy. Down 13 cents, or 0.4 per cent, to $32.33 on 7.9 million shares.
Appili Therapeutics Inc. (TSX:APLI). Health care. Down 29.5 cents, or 53.64 per cent, to 25.5 cents on 7.6 million shares.
Companies in the news:
Yellow Pages Ltd. (TSX:Y). Up 25 cents to 1.8 per cent to $14.30. Yellow Pages Ltd. says revenues fell nearly 12 per cent in its latest quarter due to a decline at its print and digital media products. The Montreal-based company posted revenue of $70.9 million for the quarter ended Sept. 30, down from $80.3 million in the same period last year but slightly above expectations. Yellow Pages says net earnings rose to $13.7 million in its third quarter from $9 million a year earlier as a result of restructuring, decreases in depreciation and amortization and other “financial charges.” The shifts translated into earnings of 51 cents per diluted share, up from 34 cents per diluted share the year before. Analysts had expected the digital media and marketing company to earn 53 cents per share on $68 million in revenue, according to financial markets data firm Refinitiv. CEO David Eckert says the company is “very pleased” with results that reflect its “continuing progress toward revenue stability.”
Onex Corp. (TSX:ONEX). Up 14 cents to $94.39. Onex Corp. reported net earnings of US$602 million in its latest quarter compared with US$501 million in the same quarter last year — a leap of 20.2 per cent propelled by higher asset management earnings. The private equity investment firm, which keeps its books in U.S. dollars, says the profit amounted to $6.76 per diluted share for the quarter ended Sept. 30 compared with $5.29 per diluted share in the same period a year earlier. Onex says its segment net earnings, which excludes certain items, totalled $607 million or $6.59 per diluted share, up from $515 million or $5.39 per diluted share a year ago. The Toronto-based company’s investing segment earnings totalled $493 million compared with $492 million 12 months before, while its asset management segment jumped to $195 million from $93 million in the same quarter last year. Onex chairman and CEO Gerry Schwartz says Onex enjoyed a “very active quarter” with good momentum across all businesses. He says investing capital per share grew by eight per cent and that fund performance at the company’s private equity platform was strong.
Héroux-Devtek Inc. (TSX:HRX). Up 31 cents or 1.7 per cent to $18.99. Héroux-Devtek Inc. saw profits climb but revenue fall last quarter as the landing-gear maker bore the impact of ongoing aerospace turbulence caused by the COVID-19 pandemic. The Quebec-based company says civil aviation sales continued to fall, dropping more than 17 per cent in the quarter ended Sept. 30 compared to the same period a year earlier. However, defence sales climbed by about nine per cent to $94 million. Total revenue decreased to $131.3 million in the company’s second quarter compared to $137.1 million the year before, a drop the company attributes to the negative impact of foreign exchange fluctuations. Héroux-Devtek’s net income nearly doubled in the latest quarter to $7.5 million from $3.8 million in the second quarter of 2020. Adjusted net income of $7.5 million or 21 cents per share rose from 11 cents per share and beat analyst expectations of 18 cents per share, according to financial markets data firm Refinitiv. The company has extended its contract with Boeing for the 777 wide-body jetliner to 2030 and secured an agreement with Lockheed Martin to develop landing gear for its next generation of defence aircraft.
Cogeco Communications Inc. (TSX:CCA). Down $2.22 or 2.1 per cent to $104.03. Cogeco Communications Inc. says it boosted earnings last quarter and bumped up its financial projections for 2022 to account for its acquisition of an Ohio broadband system. The Montreal-based company says profits attributable to shareholders rose 5.9 per cent to $96.2 million in the quarter ended Aug. 31, from $90.8 million in the same period a year earlier. Revenue increased to $632.7 million in its fourth quarter from $605.2 million a year earlier, due largely to a 10.1 per cent jump in Canadian broadband revenue following Cogeco’s purchase of fellow Quebec cable and internet provider DERYtelecom last December. The 64-year-old company also says growth in internet service users in Canada and a broader U.S. customer base, along with rate increases, more than offset a decline in video and telephone subscribers as consumers increasingly move online. Earnings per diluted share rose eight per cent to $2.03 in the latest quarter compared to $1.88 the year before, an eight per cent rise that roughly aligned with analyst expectations, according to financial markets data firm Refinitiv.
This report by The Canadian Press was first published Nov. 12, 2021.
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