Power Corporation of Canada (POW.TO) reported that its second-quarter net earnings attributable to participating shareholders were C$282 million or C$0.62 per share, down from C$356 million or C$0.77 per share in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of C$0.56 per share. Analysts' estimates typically exclude special items.
Operating earnings attributable to participating shareholders for the quarter were C$292 million or C$0.64 per share, compared with C$356 million or C$0.77 per share in the corresponding period in 2011.
Total revenues for the quarter rose to C$8.52 billion from C$7.95 billion in the prior year quarter.
The company said its Board of Directors also declared a dividend of C$0.29 per share on the Participating Preferred and Subordinate Voting Shares of the Corporation, payable September 28, 2012 to shareholders of record September 7, 2012.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.