June 27, 2018 / 3:10 PM / 4 months ago

BUZZ-Corus Entertainment: Hits a record low after revenue miss

** Shares of Canadian media company down 12.2 pct at an all-time low of C$5.49 after reporting lower-than-expected Q3 revenue

** Revenue from television business falls ~5 pct in Q3, advertising drops 4.4 percent

** Total revenue falls 4.4 pct to C$441.4 million, missing analysts’ estimate of C$452.4 million

** Co expects programming costs to rise in Q4

** So far this year, stock has fallen ~54 pct, compared with a 0.7 pct increase in the Toronto Stock Exchange (Reporting by Anirban Paul)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below