Toronto Stocks Climb, Enghouse Shares Fall on 4Q Results

By Adriano Marchese

Shares in Toronto rebounded on Friday, with most industries posting gains while energy and consumer services sectors were the session's laggards. Enghouse Systems Ltd. shares fell after the company reported higher profit than expected, but lower revenue in the period.

At midday, Canada's S&P/TSX Composite Index was up 0.27% at 20795.02 and the blue-chip S&P/TSX 60 rose 0.21% to 1263.37.

Shares in Enghouse Systems Ltd. fell 2.9% to C$46.86 after reporting earnings per share rising in the period to C$0.54 from C$0.52 a year earlier, beating expectations of a decrease to C$0.46, according to the analyst consensus forecast. Meanwhile, revenue was C$113.1 million ($88.5 million), missing analyst expectations of C$123.5 million, taken from FactSet. A year earlier, revenue was C$120.9 million.

Other market movers:

Russel Metals Inc. shares rose 1.2% to C$33.10 after it said it extended its C$450 million loan ($352.2 million) by two years to September 2025 and with a better rate.

Sigma Lithium Corp. rose 0.4% to C$12.95 after it said it would receive an additional investment of around C$64.2 million from funds and accounts managed by BlackRock Inc., increasing the size of its previously announced private placement to around C$136.7 million.

Write to Adriano Marchese at [e-mail]

(END) Dow Jones Newswires

12-17-21 1229ET