Inventory information for traders: Air Canada revenue drops greater than 50% in Q2 amid “difficult surroundings”

The corporate says its adjusted internet earnings for the quarter ending June 30 was $117 million, up from $111 million final yr. Adjusted earnings per share got here in at $1.11 every, in contrast with $1.04 per share final yr.

Income totalled $2.03 billion within the quarter, down from $2.2 billion in the identical interval final yr. The Montreal-based producer says the quarter noticed a pointy improve in orders, together with in its defence division, whereas service income additionally rose.  

The corporate reported a backlog of $16.1 billion on the finish of the quarter, up $1.9 billion from the top of the earlier quarter.

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Gildan Activewear Inc. studies US$137.9 million revenue for second quarter

Gildan Activewear Inc. says its earnings rose within the second quarter because it reaffirmed its full-year steering after contemplating the influence of tariffs. The clothes producer, which studies in U.S. {dollars}, says it earned US$137.9 million within the quarter ending June 29, up from US$58.4 million in the identical quarter final yr. 

The Montreal-based firm says its adjusted earnings labored out to US$145.9 million, up from US$124.7 million final yr. It says adjusted earnings had been 97 cents per diluted share, up from 74 cents per diluted share final yr. Internet gross sales totalled US$918.5 million within the quarter, up from US$862.2 million within the interval final yr. 

Gildan says in reaffirming its steering after weighing the influence of tariffs together with the choices out there to it to mitigate the consequences, together with pricing and its versatile enterprise mannequin.

Trucking agency TFI sees second-quarter revenue dip as market weak spot persists

TFI Worldwide Inc. has reported a drop in second-quarter revenue as weak demand took a toll on the quantity of products it hauls.