Sunday, August 10, 2014

Canaccord reports earnings

Canaccord Genuity (CF.T) reported earnings last week


  • Revenue of $245.6 million, an increase of 31% or $58.4 million from $187.2 million
  • Excluding significant items, expenses of $215.9 million, up 24% or $41.4 million from $174.5 million(1)
  • Expenses of $222.3 million, an increase of 25% or $44.2 million from $178.1 million
  • Excluding significant items, diluted earnings per common share (EPS) of $0.20 compared to diluted EPS of $0.09(1)
  • Excluding significant items, net income of $24.0 million compared to net income of $11.8 million(1)
  • Net income of $18.9 million compared to net income of $7.9 million
  • Diluted EPS of $0.15 compared to diluted EPS of $0.06


  • The company also said, during the conference call, that it is considering a special dividend. The company also continues to buy back shares. This one has had a great run and has pulled back recently. I will continue to hold as I expect more upside.

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