Corus Entertainment Inc (TSE:CJR.B) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Corus Entertainment Inc. reported a decrease in consolidated revenue by 13% for the quarter and 14% for the year-to-date, alongside an 11% drop in segment profit for the quarter. Despite a net loss of $9.8 million for the quarter, the company saw a net income of $22.9 million for the year-to-date and generated $32.9 million in free cash flow for the quarter. Amid an uncertain economic climate, the company is focusing on demand creation, operational efficiency, and debt reduction.
For further insights into TSE:CJR.B stock, check out TipRanks’ Stock Analysis page.