The Daily Chase: Pet Valu raises 2022 outlook; Price of oil climbs
BNN Bloomberg
Canadian earnings continue to dominate our coverage at BNN Bloomberg, here’s a quick look at what is on our radar.
Shares of Bausch Health Companies are down more than 10 per cent in the premarket trade after the company cut its full-year forecast and missed analyst expectations in the second-quarter.
Martinrea International’s second-quarter profit rose 6.4 per cent on higher sales, topping the average analyst expectation. The company also expects results to improve as supply-chain problems ease going forward. We’ll hear more from Executive Chairman and Co-Founder Rob Wildeboer when he joins Paul Bagnell on The Open at 10:30 a.m. EDT
We’ll keep an eye on shares of Pet Valu when trading gets underway after the company announced it is raising its 2022 outlook. CEO Richard Maltsbarger joins Jacqueline Hansen at 4:10 p.m. EDT to further discuss the strength in its business
