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Stock news for investors: Rogers sees revenue gain, lifted by Blue Jays’ playoff success
MoneySense· 2026-01-30 09:21
Group 1: Rogers Communications - The company reported a profit attributable to shareholders of $743 million or $1.37 per diluted share for the quarter ended Dec. 31, an increase from $558 million or $1.02 per diluted share in the same quarter of the previous year [1] - Revenue totaled $6.17 billion, up from $5.48 billion in the same quarter a year earlier, driven by a significant increase in media revenue, which rose to $1.24 billion from $547 million [2] - Wireless revenue for the quarter was $2.97 billion, slightly down from $2.98 billion a year earlier, while cable revenue remained stable at $1.98 billion [2] Group 2: Canadian Pacific Kansas City (CPKC) - CPKC reported a 10% decline in net income to $1.08 billion for the quarter ended Dec. 31, down from $1.20 billion in the same period a year earlier [3][7] - Fourth-quarter revenues rose 1% to $3.92 billion from $3.87 billion, supported by a 3% increase in grain and container revenue [4] - For the full year, CPKC's net income increased by 11% to $4.14 billion, with revenues climbing almost 4% to $15.08 billion [4] Group 3: CGI Inc. - CGI reported a first-quarter profit of $442 million, up from $438.6 million a year earlier, with revenue rising nearly 8% to $4.08 billion from $3.79 billion [9][10] - The profit per diluted share for the quarter was $2.03, an increase from $1.92 per diluted share a year earlier [9] - CGI announced a collaboration deal with OpenAI to expand the use of artificial intelligence across its business and assist clients in adopting it [10] Group 4: Cascades Inc. - Cascades has agreed to sell a packaging plant to Crown Paper Group for $65.5 million, including real estate assets, with the transaction expected to close soon [14] - The CEO stated that the sale is part of the company's commitment to improve profitability and optimize operations [15] - This transaction follows another deal where Cascades sold a flexible packaging plant to Five Star Holding for $31 million [15]