Corus Entertainment Inc (CJR_B.TO) revealed Loss for its third quarter that increased from the same period last year and missed the Street estimates.
The company's bottom line totaled -C$769.897 million, or -C$3.86 per share. This compares with -C$495.073 million, or -C$2.48 per share, in last year's third quarter.
Excluding items, Corus Entertainment Inc reported adjusted earnings of -C$19.873 million or -C$0.10 per share for the period.
Analysts on average had expected the company to earn C$0.06 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 16.5% to C$331.804 million from C$397.335 million last year.
Corus Entertainment Inc earnings at a glance (GAAP) :
-Earnings (Q3): -C$769.897 Mln. vs. -C$495.073 Mln. last year.-EPS (Q3): -C$3.86 vs. -C$2.48 last year.-Revenue (Q3): C$331.804 Mln vs. C$397.335 Mln last year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.