By Adriano Marchese


Toronto stocks were moderately higher mid-trading Thursday, as materials, distribution services and energy led the gainers. In the session, consumer non-durables was the main laggard. Shares in Canada Goose Holdings Inc. fell after the company reported that third-quarter profit and revenue missed expectations, and that it lowered its outlook for the year.

At midday, Canada's S&P/TSX Composite Index was up 0.60% to 21734.30 and the blue-chip S&P/TSX 60 also rose by 0.60% to 1318.93.

Canada Goose's Toronto-listed shares fell 14% to C$37.22 after it reported adjusted per-share earnings came to C$1.42, missing the consensus expectations of C$1.45, while revenue, which rose 24% to C$586.1 million, missed consensus expectations of C$590 million. The company expects adjusted profit for the year of C$1.02 to C$1.11 a share, from C$1.17 to C$1.33, and revenue of C$1.09 billion to C$1.105 billion, down from a previous range of C$1.125 billion to C$1.175 billion.


Other market movers:


Manulife Financial Corp. shares rose 3.8% to C$27.93 after the insurer reported better-than-expected earnings in the fourth quarter.

Shares in Sun Life Financial Inc. fell 3.9% to C$70.96 after the company reported its fourth-quarter results late Wednesday.

Telus Corp. shares edged 1.3% higher to C$31.44 after it said profit more than doubled in the fourth quarter, benefiting from a gain on the sale of its financial solutions business.

Precision Drilling Corp. stock rose 3.4% to C$61.00 after it said it narrowed its loss in the fourth quarter as revenue growth beat analyst expectations, and said it expects higher demand for its services going forward.


Write to Adriano Marchese at adriano.marchese@wsj.com


(END) Dow Jones Newswires

02-10-22 1218ET