On Thursday, the S&P 500 was down 0.1% while Toronto was down 0.4%.
The market took little notice of Melcor’s earnings as Melcor rose 0.5%.
CRH Medical, which also released earnings yesterday was down 3.2%.
AutoCanada released its Q4 results after the close (sometime after 7 pm mountain time, which was annoyingly late). The results were quite awful. The U.S. dealerships in particular are money losers. There were also two resignations mentioned, including their new chief financial officer. Management expressed optimism for “very material improvements” in 2019 but also noted several headwinds. They still talk about making acquisitions but the reality appears to be that they are in survival mode at this point. Unfortunately, it seems likely that the stock could suffer another significant decline on this news.
WSP Global reported very strong earnings growth for Q4 earnings and plans to continue its strong growth.