Stock news: Cogeco, Roots and BlackBerry deliver earnings gains, but outlook stays mixed

Cogeco’s revenue was $713 million for the period ended Feb. 28, down greater than 5% yr over yr from $753.2 million.

The company also updated its forecast and lowered its expected revenue and adjusted earnings before deductions for fiscal 2026, citing increased pressure on its U.S. web subscriber revenue.

Cogeco President and CEO Frédéric Perron says the corporate’s Canadian performance stays strong, while the corporate expects tougher financial leads to its U.S. segment for the primary half of the yr.

Cogeco Communications Inc., the corporate’s cable and Internet subsidiary, reported profit of $83.6 million within the period, up from $79.6 million within the year-ago quarter.

Retailer Roots reported fourth-quarter profit of $14.7 million, up year-over-year

Roots Corp. reported a profit of $14.7 million in its most up-to-date quarter as revenue rose 4.2% year-over-year. The retailer said its profit for the quarter ended Jan. 31 was 37 cents per share, compared with a lack of $21.7 million, or 54 cents per share, a yr earlier when it took a non-cash impairment charge.

On an adjusted basis, Roots said it earned 42 cents per share in its most up-to-date quarter, compared with adjusted earnings of 40 cents per share within the year-ago quarter.

The company’s fourth-quarter revenue was $115.5 million, up from $110.8 million. Direct-to-consumer sales were $107.0 million, up $101.2 million, while affiliate and other sales were $8.5 million, down $9.6 million.

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Last month, Roots launched a strategic review that might end with a sale of the clothing retailer.

Roots CEO Meghan Roach said the corporate was pleased with the extent of interest and engagement in the method.

BlackBerry reported a fourth-quarter profit of $24.3 million, a ten percent increase in revenue over the previous yr

BlackBerry Ltd. reported a fourth-quarter profit of $24.3 million, in comparison with a lack of $7.4 million a yr ago. The company, which keeps its books in U.S. dollars, said its profit for the quarter ended Feb. 28 was 4 cents per diluted share, compared with a lack of one cent per share in the identical quarter last yr.

On an adjusted basis, BlackBerry said it made a profit of six cents per share in its most up-to-date quarter, in comparison with an adjusted profit of three cents per share a yr earlier.

Quarterly revenue was $156.0 million, a rise from $141.7 million a yr ago.

In its outlook, BlackBerry expects total revenue of between $132 million and $140 million for the primary quarter of its 2027 fiscal yr. Revenue for the complete fiscal yr 2027 is forecast between $584 million and $611 million.

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Via Canadian Press

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