Power Corporation of Canada (POW.TO) reported strong earnings for its third quarter, showing significant growth compared to last year and surpassing Street estimates.
The company’s earnings came in at C$703 million, or C$1.10 per share, up from C$371 million, or C$0.58 per share, in the same period last year.
Excluding special items, Power Corporation of Canada reported adjusted earnings of C$863 million, or C$1.35 per share for the quarter. Analysts had, on average, expected the company to earn C$1.34 per share. It is important to note that analysts’ estimates typically exclude special items.
**Power Corporation of Canada Earnings at a Glance (GAAP):**
– Earnings: C$703 million vs. C$371 million last year
– EPS: C$1.10 vs. C$0.58 last year
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https://www.nasdaq.com/articles/power-corporation-canada-q3-profit-increases-beats-estimates