Coles myer shares surge after record profit
Coles myer shares soared last week, but today the stock is down less than 20% from their record high on Tuesday, trading for $16.75 per share.
Myer is one of the largest publicly traded public companies in North America, providing healthcare services to nearly 7 million people, including 4 million in Ontario.
A new analysis by S&P Global Ratings on Thursday found Myer’s business was doing better than expected under the new Liberal government. The ratings agency said that under the new rules it expects Myer to beat the expectations for 2015.
Nationally, the average gain from the benchmark Dow Jones industrial average (DJIA) has been just 0.2% year-to-date.
“While no one believes Canada should leave the EU before NAFTA comes into effect, these gains show that investors are not expecting that outcome right now,” Jim Clark, senior vice-president and chief research officer for S&P Global Ratings, said in a press release.
The company is also expected to report a net operating profit this fiscal year, the second consecutive fiscal year of profit.
Myer’s stock has climbed 15% so far this year after trading at $21.83 per share on May 3.
In addition to its earnings report, the company 카니발 카지노also reported that its fourth-quarter net sales increased 27%, with a total sales increase for the year of $4.45 billion or 30%.
In the 화천출장마사지last year, Myer’s net sales have increased 37% to $4.65 billion.
Coles shares surged nearly 10% from their record high of $21.50 블랙 잭on Monday, thanks to the strong profit outlook.