Money: Corus Q1 profit down, revenue edges higher - PressFrom - Canada
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MoneyCorus Q1 profit down, revenue edges higher

20:05  11 january  2019
20:05  11 january  2019 Source:   msn.com

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higher output levels give lower profit levels.[1] In calculus terms, the requirement that the optimal output have higher profit than adjacent output lower Q would also lead to lower total cost, profit would go up due to the combination of increased revenue and decreased cost. Thus Q 1 does not

Corus Q1 profit down, revenue edges higher© Provided by thecanadianpress.com The Corus logo at Corus Quay in Toronto is shown on Friday, June 22, 2018. Corus Entertainment Inc. reported its first-quarter profit fell compared with a year ago as its revenue edged higher, boosted by gains in television advertising. THE CANADIAN PRESS/ Tijana Martin

TORONTO - Corus Entertainment Inc.'s earnings came in below estimates as its first-quarter profit fell from a year ago due to an accounting change related to its TV brand assets, but revenue edged higher due to gains in television advertising.

The television, radio and production company says its profit attributable to shareholders fell to $60.4 million or 28 cents per diluted share for the quarter ended Nov. 30 as amortization charges rose due to the accounting change. The result compared with a profit of $77.7 million or 38 cents per diluted share a year ago.

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Yahoo's revenue and profit slid significantly in the first quarter, but the company's performance was in line with Wall Street's expectations and company officials said the results reflect solid execution toward its financial goals. During the quarter ended March 31, revenue came in at .21 billion, down 24

Economics – profit and revenue Total revenue (TR): This is the total income a firm receives. This will equal price × quantity Profit = Total revenue (TR) – total costs (TC) or (AR – AC) × Q A firm will try to avoid shutting down because it will lose market share and long-term customers.

On an adjusted basis, the company said it earned $70.1 million or 33 cents per share, down from $78.9 million or 38 cents per share in the same quarter last year.

Analysts had estimated 40 cents per share of adjusted earnings, according to Thomson Reuters Eikon.

Revenue totalled $467.5 million, up from $457.4 million and above the estimate of $451.2 million, as television revenue increased to $426.2 million compared with $415.5 million a year ago.

Radio revenue amounted to $41.3 million, up from $41.9 million.

Corus owns specialty and conventional television stations, including the Global Television network as well as radio stations, a children's book publishing business and other services.

Companies in this story: (TSX:CJR.B)

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