Canadian Tire Q3 revenue tops $2 billion
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TORONTO - Revenue at Canadian Tire topped the $2 billion mark in the third quarter and profits rose 17 per cent, the retail giant reported Thursday.
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MONTREAL (CP) - Abitibi Consolidated Inc. reported a third-quarter profit Thursday of $182 million, compared with a loss of $70 million a year ago, helped by higher prices for its products and a $194-million gain on its US dollar debt.
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Rogers Communications Inc. credited surging earnings at its fast-growth wireless unit and foreign exchange gains for the cable, media and telecom group&#39;s third-quarter return to profit Tuesday.
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Third-quarter revenue was $8.47 billion, up 8 percent from last year's third-quarter revenue of $7.83 billion. Intel shipped a record number of processors in the quarter, but it had forecast even higher growth coming off of its second-quarter earnings conference call.
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The chip maker, a closely watched indicator of the overall health of the technology industry, reported net income of $1.3 billion, on revenue of $8.7 billion in the second quarter.
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Dofasco Inc., Canada&#39;s biggest steelmaker by sales, said third-quarter profit rose almost quadrupled to a record as North American demand for the metal drove prices to all-time highs.
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Canada raised C$3.18 billion ($2.49 billion) by selling about a fifth of Petro-Canada, marking the nation&#39;s biggest share sale and the government&#39;s exit from a 1970s-era effort to control its own energy supplies.
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Diversified manufacturer 3M Co  reported higher operating earnings Tuesday on strength in its health-care and international businesses.
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The Bank of Montreal said second-quarter profit rose 3 percent as higher fees from mutual funds and stock sales offset a big loss in commodities trading. Net income climbed to 671 million Canadian dollars ($618 million) from 651 million Canadian dollars a year earlier, the bank said. Record mutual fund sales and rising demand for loans contributed to a 24 percent increase in consumer banking profit, countering the commodities losses, which were related to natural gas trading. The bank said on May 17 that it would report a pretax trading loss of 680 million Canadian dollars. Bank of Montreal said profit was 1.31 Canadian dollars a share excluding the trading loss and other one-time items, an increase of 3.1 percent from a year ago. Revenue in the quarter, which ended April 30, rose 2.7 percent, to 2.57 billion Canadian dollars from 2.5 billion Canadian dollars.
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The Tokyo-based company posted a net profit of 131.6 billion yen ($1.22 billion) for 2007 as brisk tire sales and a weaker yen offset a rise in raw material costs.
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Research in Motionâs fiscal third-quarter profit more than doubled on strong demand for its BlackBerry smart phones and related services by consumers and businesses.
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AKRON, Ohio Goodyear Tire and Rubber Company says it may beat Wall Street&#39;s expectations for the third quarter. The Ohio tire company expects to report its third quarter results by Tuesday.
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The cardiovascular device maker said its second-quarter profit, excluding charges, was $271 million, or 18 cents per share, compared with $412 million, or 31 cents per share, a year ago.
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Nortel Networks Corp., North America&#39;s largest telephone-equipment maker, said third-quarter revenue will decline from the second quarter&#39;s $2.
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Revenues were $907 million for the third quarter of 2004, a 154% increase compared to $357 million for the same period of 2003, it says.
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WM Wrigley Jr. Co., which makes chewing gum and other confectionery products, on Tuesday reported third-quarter profit rose 11 percent on strong volume growth in Canada, Russia, Britain and China.
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Goodyear Tire & Rubber Co. GT.N, the  largest U.S. tiremaker, on Friday expects a third-quarter  profit above most analysts' expectations, helped by higher tire  prices and stronger sales volume, sending shares up 12 percent.