Edition:
United States

Debroop Roy

BlackBerry shares plunge to near four-year low on outlook cut, revenue miss

Sep 24 2019

Canada's BlackBerry Ltd missed quarterly revenue estimates and cut the top end of its full-year forecast on Tuesday, hurt by weakness in sales of enterprise software, sending its shares down as much as 19% to near four-year lows.

Aurora Cannabis pushes back profitability target to fiscal 2020

Sep 11 2019

Canadian company Aurora Cannabis Inc pushed back its profitability timeline to fiscal 2020 on Wednesday after missing its earlier target of the fourth quarter, blaming the slow roll-out of retail outlets for recreational marijuana.

CORRECTED-UPDATE 4-Weed leader Canopy Growth ousts co-CEO Bruce Linton (July 3)

Aug 27 2019

July 3 Canada's Canopy Growth Corp fired founder and co-Chief Executive Officer Bruce Linton, a surprise move that comes just a week after the weed producer's largest shareholder expressed disappointment over its loss-making streak.

Nvidia revenue tops expectations on strength in video gaming, auto units

Aug 15 2019

Nvidia Corp on Thursday said new high-end graphics chips for video gamers was bringing its core business back to "normalized" levels and raising profitability, as the company posted quarterly results ahead of Wall Street targets, sending shares up 5% in extended trading.

Canada's Enbridge solicits bids for Mainline oil pipeline amid space crunch

Aug 02 2019

Canadian pipeline company Enbridge Inc said on Friday it would invite bids for contracted space on its Mainline system, as shippers compete to move oil on the country's congested pipeline networks.

Marathon Petroleum tops estimates on refining beat, retail strength

Aug 01 2019

U.S. refiner Marathon Petroleum Corp beat estimates for quarterly profit on Thursday, benefiting from better-than-expected earnings from its refining segment as well as higher sales in its gas stations business.

Phillips 66 quarterly profit beats on higher crude shipments

Jul 26 2019

U.S. refiner Phillips 66 beat estimates for quarterly profit on Friday, benefiting from shipping higher volumes of crude through its pipelines.

UPDATE 2-Valero profit beats on higher gasoline prices, lower-than-expected costs

Jul 25 2019

July 25 Valero Energy Corp on Thursday beat analysts' estimates for quarterly profit, driven by a rebound in gasoline prices and as the independent U.S. refiner processed more crude at lower-than-expected costs.

SNC-Lavalin shares at 14-year low on near-term woes

Jul 23 2019

SNC-Lavalin Group Inc shares slumped to a 14-year low on Tuesday, as investors worried about the near-term hit from the struggling Canadian construction company's restructuring plans, including a move to exit fixed-price contracts.

SNC-Lavalin withdraws 2019 forecast, plans to sell resources unit

Jul 22 2019

Struggling construction and engineering firm SNC-Lavalin Group Inc on Monday withdrew its forecast for 2019, citing significantly lower results as it considers options for its resources unit and exits fixed-price contracts.

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