Investing.com | Author Ketki Saxena
Published Feb 20, 2024 12:30
Updated Feb 23, 2024 16:25
Investing.com - Here's a recap of earnings from TSX listed companies in the past week.
Tuesday, Feb 20
Gibson Energy Inc . (TSX:GEI) reported earnings results for the full year ended December 31, 2023 and Q4, 2024. For the full year, the company reported sales was $11,014.69 million compared to $11,035.41 million a year ago. Net income was $214.21 million compared to $$223.25 million a year ago. Basic earnings per share from continuing operations was $1.43 compared to $1.53 a year ago
Net sales for Q4 totaled $2,810 million in the fourth quarter, while Q4 net income came in at $53 million.Wednesday, Feb 21
First Quantum Minerals Ltd (TSX:FM) reported a net loss of US$1.45 billion or US$2.09 per share, for the quarter ended Dec. 31, compared with a profit of US$117 million, or US 17 cents per share a year earlier. The company was hit by the closure of its Cobre Panama mine and a $900 million impairment charge related to its nickel mining operations.
Gildan Activewear (TSX:GIL) Inc reported a fourth-quarter profit of $153.3 million, up from $83.9 million a year earlier. The profit amounted to 89 cents per diluted share for the quarter ended Dec. 31, up from 47 cents per diluted share a year earlier. Net sales totalled $782.7 million, up from $720.0 million.The company also announced it will raise its quarterly dividend of 20.5 cents per share, up from 18.6 cents per share.
Thursday, Feb 22
Suncor Energy Inc (TSX:SU). says it earned $2.82 billion in the fourth quarter of 2023, up from $2.74 billion in the same period of 2022.Net earnings for the three months ended Dec. 31 worked out to $2.18 per common share. Meanwhile, total upstream production for the quarter rose to 808,100 barrels of oil equivalent per day, the second-highest quarterly production in the company’s history. Oilsands production meanwhile hit 757,400 barrels a day, an all time high for the company.
Loblaw Companies (TSX:L) Ltd beat expectations for fourth-quarter profit. The grocery and drugstore retailer says it earned a profit available to common shareholders of $541 million or $1.72 per diluted share for the quarter ended Dec. 30. The result compared with a profit of $529 million or $1.62 per diluted share in the last three months of 2022. Revenue totalled $14.53 billion, up from $14.01 billion a year earlier.
Nutrien Inc. (TSX:NTR) says it earned US$176 million, or 35 cents per diluted share in the fourth quarter of 2023, down from US$1.12 billion or $2.15 per share a year-ago. Nutrien also declared a quarterly dividend of 54 cents per share payable, up 2% from its dividend as declared in November 2023.
Teck Resources (TSX:TECKa) Ltd beat fourth-quarter profit estimates, with a a profit attributable to shareholders of $483 million or 92 cents per diluted share for the quarter, up from $266 million or 51 cents per diluted share a year earlier. Revenue totalled $4.11 billion, up from $3.14 billion a year earlier.
Friday, Feb 23
_______________
Want more fundamental information about the Canadian companies mentioned in this article, and to see which TSX stocks are the best buy ahead of earnings? Use code GOPROCANADA for a 10% discount on Pro and Pro+ yearly and biyearly plans.
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.