Stock market news for investors: Rogers sees revenue increase, boosted by Blue Jays playoff success

The cable and wireless company, which incorporates the baseball team, said it had profit attributable to shareholders of $743 million, or $1.37 per diluted share, for the quarter ended Dec. 31. The result was ahead of a profit of $558 million, or $1.02 per diluted share, in the ultimate three months of 2024. On an adjusted basis, Rogers said it earned $1.51 per diluted share in essentially the most recent quarter, in comparison with adjusted earnings of $1.46 per diluted share a 12 months ago.

Revenue was $6.17 billion, up from $5.48 billion within the year-ago quarter. The increase got here as media revenue for Rogers, which incorporates the Jays, rose to $1.24 billion within the quarter, up from $547 million a 12 months earlier. Mobile revenue totaled $2.97 billion within the quarter, in comparison with $2.98 billion a 12 months ago, while cable revenue remained stable at $1.98 billion.

The Jays took the Los Angeles Dodgers to extra innings of Game 7 before losing the Baseball Championship.

CPKC profits fall in fourth quarter despite increases in grain and container freight sales

According to Canadian Pacific Kansas City Ltd. Earnings fell 10% in essentially the most recent quarter, despite an increase in sales that capped a 12 months of solid profit growth. CPKC said net income fell to $1.08 billion within the quarter ended Dec. 31, compared with $1.20 billion in the identical period last 12 months.

The Calgary-based railway said fourth-quarter revenue rose 1% to $3.92 billion compared with $3.87 billion a 12 months earlier, while grain and container revenue rose 3%.

It said adjusted diluted core earnings rose 3% to $1.33 per share from $1.29 per share.

Full-year net income rose 11% to $4.14 billion and revenue rose nearly 4% to $15.08 billion, based on CPKC.

For 2026, the corporate forecasts low double-digit core adjusted diluted earnings per share growth, mid-single-digit volume growth and a 15% reduction in capital expenditures to $2.65 billion.

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The business and technology consulting company CGI reports profit and sales for the primary quarter above the previous 12 months’s level

CGI Inc. reported first-quarter profit of $442.0 million, up from $438.6 million a 12 months earlier, as revenue rose nearly 8%. According to the business and technology consulting firm, profit for the quarter ended Dec. 31 was $2.03 per diluted share, up from $1.92 per diluted share a 12 months earlier.

Revenue for the three-month period was $4.08 billion, up $3.79 billion. On an adjusted basis, CGI said it earned $2.12 per diluted share in its most up-to-date quarter, up from $1.97 per diluted share a 12 months ago.

Earlier this week, CGI announced a collaboration agreement with OpenAI that will probably be used to expand the usage of artificial intelligence across its business and help customers adopt it of their operations.

CGI has over 94,000 consultants and professionals worldwide providing business and technology consulting services.

Cascades sells packaging facility to Crown Paper Group in $65.5 million deal

Cascades Inc. has agreed to sell a packaging facility to Richmond, B.C.-based Crown Paper Group

The transaction is valued at $65.5 million, including real estate assets, and is anticipated to shut in the approaching days, subject to closing conditions. Cascades said the ability offered limited integration into its operational network resulting from its geographic location.

Hugues Simon, CEO of Cascades, said in a press release that the move comes with the corporate’s commitment to improving its profitability and optimizing operations. The deal comes after Cascades signed a deal to sell a versatile packaging factory to Texas-based Five Star Holding for $31 million.

Cascades makes cardboard packaging, toilet paper, paper towels and other products.