From Yahoo Finance: 2024-05-11 09:16:15

CI Financial reported their First Quarter 2024 results, showing an 8.2% increase in revenue to CA$813.9m, but a net loss of CA$154.4m compared to a profit in the previous year. Earnings per share also dropped to a loss of CA$1.00. However, revenue fell short of analyst estimates by 16% and expectations for future revenue predict a decline of 1.7% annually. The company’s shares have decreased by 12% in the past week. Investors are urged to consider potential risks associated with CI Financial, as there are identified warning signs that could impact investment decisions.



Read more at Yahoo Finance: CI Financial First Quarter 2024 Earnings: Misses Expectations