By Adriano Marchese
Toronto indexes were up modestly midday Thursday as gains in consumer durables and nondurables outweighed losses in technology services. Shares in Montreal-based point-of-sale and e-commerce software provider Lightspeed Commerce Inc. fell off a precipice after reporting a wider loss in its second quarter while revenue soared.
At mid-trading, Canada's S&P/TSX Composite Index was up 0.17% at 21300.72 and the blue-chip S&P/TSX 60 was up 0.32% at 1282.25.
Lightspeed Commerce Inc. shares were down 30% at C$85.92 after the company reported a wider loss of 43 cents a share, compared with a per-share loss of 20 cents a year earlier. Meanwhile, revenue soared to $133.2 million from $45.5 million, with subscription revenue more than doubled and transaction-based revenue more than quadrupled.
Other market movers:
Shares in Maple Leaf Foods Inc. were up 9.2% to C$29.96 after it reported a drop in third-quarter profit and a rise in revenue as its meat group performed well, but was met with a slowdown in its plant-based protein segment.
Barrick Gold Corp. shares rose 0.6% to C$23.22 after the company reported a drop in third-quarter profit, which beat expectations on an adjusted basis, as gold sales and average gold price fell in the period.
BCE Inc. rose 0.6% to C$64.29 after the company said profit and revenue both rose in the third quarter.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
11-04-21 1220ET
