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ironSource Exceeds Q3 Revenue Expectations

ironSource Ltd. (IS) reported third-quarter results, with in-line earnings and revenues topping analyst expectations. IS, which is a business platform for the app economy, also raised its FY2021 guidance and provided a fourth-quarter outlook above analyst expectations. Q3 Revenue Beat, EPS In-Line The company’s revenues jumped 60% year-over-year to $140.4 million, exceeding consensus estimates of $129.37 […]

Oracle Extends Partnership with Airtel to Boost Digital Economy

Oracle (ORCL) has extended its partnership with India’s premier communications solutions provider, Bharti Airtel, to offer a wide range of cloud solutions to over 1 million enterprise customers in India. The partnership will aid India in its digital transformation endeavors. Shares of the multinational computer technology company have gained 64% over the past year. (See Oracle […]

Volatility: Use your “explore” investments to tame it

Further, emerging markets could be a key driver of global economic growth over the next few decades and may offer compelling long-term growth prospects for Canadian investors. Investors who want to capitalize on powerful consumer trends within key markets, particularly Asia, that may be overlooked by index-based emerging markets strategies, could consider the recently launched […]

CAE Swings to Profit in Q2; Shares Plunge

Shares of CAE (CAE) plunged 10% Thursday despite the company reporting a big jump in revenue and profit in the third quarter of 2021. The world leader in aviation training missed expectations as pilots’ use of its signature flight simulator plummeted. (See Insiders’ Hot Stocks on TipRanks) Revenue & Earnings Revenue came in at C$814.9 million in […]

Canadian Tire Q3 Profit Falls, Dividend Raised

Shares of Canadian Tire (CTC.A), a general merchandise retailer selling gasoline, automobiles, sports, and home products, fell in early trading Thursday after the company missed expectations in the third quarter of 2021. Consumers spent less on indoor supplies and home furnishings over the summer. (See Analysts’ Top Stocks on TipRanks) Revenue & Earnings Revenue for Q3 2021 […]

Cineplex Q3 Revenue Rises 310%, Loss Narrows

Cineplex (CGX) revenues rose sharply in its third quarter and its loss shrank as audiences grew with all theaters of Canada’s largest movie theater chain open again. Revenue & Earnings Revenue for Q3 2021 came in at C$250.4 million, an increase of 310.3% from the revenue of C$62 million reported in Q3 2020. Box office […]

Power Corporation Q3 Profit Rises 47%

Power Corporation of Canada (POW) reported higher profits in the third quarter from a year ago, thanks to significant gains at IGM Financial (IGM). Based in Montreal, Power Corp is a diversified holding company focused on financial services in North America, Europe and Asia. (See Analysts’ Top Stocks on TipRanks) Power holds full control of Power Financial […]

National Vision Drops 13% Despite Topping Q3 Results

American optical retail company National Vision Holdings, Inc. (EYE) has reported better-than-expected third-quarter results, as both earnings and revenue surpassed estimates. However, shares of the company fell 13.1% to close at $55.22 on November 10 after the company’s guidance fell below analysts’ expectations. Better-Than-Expected Results The company reported adjusted earnings of $0.38 per share, down […]

Fortinet Outlines 3 New Risk Factors

Fortinet (FTNT), based in Calfornia, offers cybersecurity solutions to businesses and government entities around the world. It recently teamed up with Spain’s Telefónica Tech to launch a global SD-WAN security service targeting the work-from-anywhere market. With this in mind, we used TipRanks to take a look at the newly added risk factors for Fortinet. (See […]

Understanding Uber’s Newly Added Risk Factor

California-based Uber Technologies (UBER) operates in more than 60 countries and offers rideshare and package delivery services. In a business expansion move, it recently acquired online alcohol marketplace Drizly for $1.1 billion in cash and stock. With this in mind, let’s look at the company’s recent financial performance and understand what has changed in its […]

Hershey to Buy Two Pretzel Brands for $1.2B

The Hershey Company (HSY) announced its intent to buy Dot’s Pretzels LLC and Pretzels Inc. for a total consideration of about $1.2 billion. The acquisitions are aimed at expanding the snacking portfolio and manufacturing capabilities of the world’s largest chocolate manufacturer and confectionary maker. Following the news, shares rose 1.9% to close at $179.56 on […]

indie Semiconductor Jumps 5% on Q3 Beat

indie Semiconductor, Inc. (INDI) shares jumped almost 5% during the extended trading session on November 10, driven by stronger-than-expected third-quarter results. The automotive semiconductors and software platforms provider also issued Q4 guidance. The quarterly beat was driven by the positive impact of the ramp-up in automotive solutions, offsetting the effect of ongoing global supply chain constraints. […]