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Algonquin Power & Utilities Corp. AQN-T reported a $195.2-million loss in its latest quarter and cut its financial guidance for the year. The power utility, which keeps its books in U.S. dollars, says it lost 29 cents per share for the quarter ended Sept. 30 compared with a loss of US$27.9-million or five cents per share in the same quarter last year. Revenue totalled US$666.7-million, up from US$528.6-million a year earlier. On an adjusted basis, Algonquin says it earned 11 cents per share in its latest quarter compared with an adjusted profit of 15 cents per share in its third quarter of 2021. In its outlook, the company says it now expects adjusted net earnings per share for 2022 in a range of 66 cents to 69 cents compared with earlier expectations for between 72 cents and 77 cents. Algonquin says it updated its guidance due to higher interest rates and inflation, delays in the construction and completion of some of its renewable energy projects, and anticipated delays in conn...

BRP Inc. DOO-T reported its third-quarter profit and revenue rose compared with a year ago and raised guidance for its full year. The Ski-Doo and Sea-Doo maker says it earned $141.6-million or $1.76 per diluted share for the quarter ended Oct. 31, up from $127.7-million or $1.53 per diluted share in the same quarter last year. Revenue for the quarter totalled $2.71-billion, up from $1.59-billion a year earlier. On a normalized basis, BRP said it earned $3.64 per diluted share in its latest quarter, up from a normalized profit of $1.48 per diluted share in the same quarter last year. In its outlook, BRP said it expected revenue for its full year to rise 27 to 32 per cent compared with earlier guidance for growth between 26 and 31 per cent. Normalized earnings per share for the full year are now expected to be between $11.65 and $12, up from its previous forecast for between $11.30 and $11.65. “BRP delivered record fiscal 2023 third-quarter results, well ahead of expectations, driven b...

For many investors, investing during a bear market means staying away from small-cap stocks. That could be a mistake as these stocks are the ones that often lead the way when the market reverses. And...spoiler alert...the market always does turnaround.  MarketBeat.com - MarketBeat Nevertheless, quality still matters, and it matters even more when investing in companies with a small market cap. With that in mind, The Bancorp ( NASDAQ: TBBK ) is a small-cap regional bank that appears to be well-positioned for whatever happens in 2023.  This article will introduce you to The Bancorp and explain why it may deserve a place on your 2023 watchlist.   An Emerging Name Among Regional Banks  The Bancorp may not be a household name when it comes to regional banks, but that could be changing. The company operates as the financial holding company for The Bancorp Bank. That bank provides a portfolio of banking...

Cogeco Communications Inc. CCA-T reported its first-quarter profit and revenue rose compared with a year ago, but the company trimmed its guidance for its full financial year. The cable company says it now expects revenue for its 2023 financial year to grow in a range of 0.5 per cent to 2 per cent on a constant currency basis compared with earlier expectations for growth between 2 per cent and 4 per cent. Cogeco Communications also says its adjusted earnings before interest, taxes, depreciation and amortization is now expected to grow between 0.5 per cent and 2 per cent on a constant currency basis compared with earlier guidance for growth between 1.5 per cent and 3.5 per cent for its full year. The revised guidance came as the company reported its profit attributable to owners of the corporation totalled $111.5-million for the quarter ended Nov. 30, up from $106.8-million a year earlier. The profit amounted to $2.44 per diluted share for the quarter, up from $2.27 per diluted share ...