According to the corporate, net loss attributable to shareholders for the quarter ended June 30 was $726 million, or $1.37 per diluted share. The result compared with a profit of $157 million, or 29 cents per diluted share, within the year-ago quarter.
On an adjusted basis, the corporate earned $1.15 per diluted share in its most up-to-date quarter, compared with adjusted earnings of $1.14 per diluted share a yr ago, in response to Rogers.
Revenue was $5.62 billion, up from $5.22 billion within the year-ago quarter.
Rogers announced a deal earlier this month to purchase the remaining 25% stake in MLSE that it doesn’t already own from Kilmer Sports Inc. for $4.35 billion.
Teck posted a second-quarter profit of $854 million and reported a rise in copper production and better raw material prices
Teck Resources Ltd. (TSX:TECK.B)
Numbers for the second quarter:
- Benefit: $854 million (vs. $206 million last yr)
- Revenue: $3.61 billion (up from $2.02 billion a yr ago)
Teck Resources Ltd. reported that second-quarter profit increased year-over-year, driven by increased copper production and better raw material prices.
The Vancouver-based mining company said its profit attributable to shareholders for the quarter totaled $854 million, or $1.74 per diluted share. Earnings rose from $206 million, or 41 cents per diluted share, a yr earlier.
On an adjusted basis, Teck said it earned $1.93 per diluted share in its most up-to-date quarter, compared with adjusted earnings of 38 cents per diluted share within the year-ago quarter.
Quarterly revenue was $3.61 billion, up from $2.02 billion a yr ago.
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Earlier this month, the federal government announced an agreement to take a position as much as $400 million in Teck’s critical minerals processing operations in Trail, B.C
Scotiabank said the investment in KeyCorp will boost third-quarter net income by $82 million
Scotiabank says its stake in US bank KeyCorp is predicted to usher in a net profit of $82 million within the third quarter. The Canadian bank says the quantity represents its share of KeyCorp’s net profit within the second quarter.
Adjusted for about $8 million in amortization of acquired intangible assets, KeyCorp’s adjusted net income contribution might be roughly $90 million, in response to Scotiabank.
Scotiabank is scheduled to report its third-quarter results on August 25. In 2024, it bought a stake in KeyCorp to expand its presence within the US market. KeyCorp has roughly 950 offices in 15 states.
Sleep Country acquires Sleep Number and expands into the US
Sleep Country Canada expands into the U.S. market with the acquisition of Sleep Number following a court-supervised sale process. Documents filed in U.S. Bankruptcy Court show that Sleep Country has agreed to pay about $702 million for the assets.
Minneapolis-based Sleep Number announced in June that it had entered right into a merger agreement with Sleep Country and entered into voluntary bankruptcy proceedings.
Following the acquisition, Sleep Country says it would have greater than 800 stores and turn into the second-largest sleep retailer on the earth. As of June, Sleep Number had over 570 stores within the United States
Sleep Country says more details about Sleep Number integration might be revealed as plans progress.
