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Low loonie expected to bring out U.S. protectionist forces: forestry firm Tembec
2016-01-29 01:12:40| Agriculture - Topix.net
The boost Canadian lumber exports are getting from the falling loonie is certain to bring out protectionist forces in the U.S. lumber lobby, says the CEO of Quebec-based forestry company Tembec. "I think that they're watching the Canadian dollar drop, particularly in lumber, and they're saying, 'This isn't fair,'" CEO James Lopez said Thursday before a company meeting with shareholders.
$0.22 EPS Expected for Steelcase Inc. (NYSE:SCS) This Quarter
2016-01-28 09:51:31| Furniture - Topix.net
Analysts expect that Steelcase Inc. will announce $0.22 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Steelcase's earnings, with the highest EPS estimate coming in at $0.22 and the lowest estimate coming in at $0.21.
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Qualcomm profit falls less than expected, sees better H2
2016-01-27 23:01:00| Telecompaper Headlines
(Telecompaper) Qualcomm reported a smaller-than-expected drop in profit for its fiscal first quarter to December, citing strong 3G/4G device shipments and its cost-cutting efforts. Revenues were still down 19 percent year-on-year to USD 5.8 billion, while net profit dropped 24 percent to USD 1.5 billion. EPS declined 15 percent to USD 0.99, a smaller drop than the 23-32 percent forecast earlier by the company. For fiscal Q2, Qualcomm forecast a further drop in sales, of 17-29 percent on an annual basis to USD 4.9-5.7 billion. EPS is expected to improve 10-25 percent from a year earlier to USD 0.90-1.00, helped by its share repurchases. The company said design traction for its new Snapdragon 820 processor remains strong, and it expects improving trends in the chipset business in the second half of fiscal 2016.
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Report: CPG Industry Struggled in 2015; Growth Expected in 2016
2016-01-27 20:40:00| Food Processing
Driving growth was challenging for the packaged foods industry in 2015, says a new report from IRI. But its new report sees better days in 2016.
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Rogers Communications Q4 earnings less than expected
2016-01-27 16:28:41| Telecom - Topix.net
Rogers Communications Inc., Canada's largest wireless operator, reported fourth-quarter earnings that missed analysts' estimates as increased competition for subscribers led to higher advertising and promotions costs. Profit excluding certain items was 64 cents a share, the Toronto-based company said Wednesday in a statement.
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