Stock market news for investors: Air Canada’s third-quarter profit falls as strike weighs on results – MoneySense

The Montreal-based airline said operating revenue during the quarter came to $5.77 billion, down about 5% from $6.1 billion in the third quarter last year.

The results for the three-month period ending September 30 include the three-day work stoppage of more than 10,000 flight attendants in August, which halted operations and caused more than 3,000 flight cancellations.

Air Canada CEO Michael Rousseau said the latest results met the company’s revised estimate, which was lowered to adjust for labor disruption during the peak of the summer season. In September, Air Canada lowered its full-year forecasts, estimating the cost of the strike at $375 million.

Fortis reports third-quarter profit of $409 million and increases dividend

Fortis Inc. raised its dividend as it reported third-quarter profit of $409 million. The energy company says it will now pay a quarterly dividend of 64 cents per share, up from 61.5 cents per share.

The higher payment to shareholders came as Fortis says third-quarter profit was 81 cents per share, compared with $420 million or 85 cents per share in the same quarter last year. On an adjusted basis, the company says it earned 87 cents per share in the latest quarter, compared to 85 cents per share a year ago.

Revenue for the quarter totaled $2.94 billion, compared to $2.77 billion in the same quarter last year.

In its outlook, Fortis announced a new five-year capital plan for 2026-2030 totaling $28.8 billion, an increase of $2.8 billion compared to the previous five-year plan.

Thomson Reuters reports third-quarter profit and revenue higher than a year ago

Thomson Reuters Corp. reported a profit of $423 million in the latest quarter, compared with $301 million in the same period a year earlier, while revenue rose 3%. The company, which keeps its books in U.S. dollars, said earnings for the quarter ended September 30 were 94 cents per diluted share, compared with 67 cents per diluted share in the same quarter last year.

Sales totaled $1.78 billion, compared to $1.72 billion a year ago. On an adjusted basis, Thomson Reuters says it earned 85 cents per share, compared with adjusted earnings of 80 cents per share in the same quarter last year.

In September, the company acquired Additive AI Inc. about, a US-based specialist in AI-powered tax document processing for tax and accounting professionals. The company also sold its remaining minority stake in Elite, a provider of financial practice management solutions to law firms.

Suncor reports third-quarter profit decline and record production

Oilsands giant Suncor Energy Inc. has reported a decline in third-quarter profits due to weak oil prices, while refinery production and throughput hit new records. Net income was $1.62 billion for the three months ended September 30, compared with $2.02 billion a year earlier. Earnings were $1.34 per share, up from $1.59 per share.

Operating revenue net of royalties was $6.17 billion, compared to $6.32 billion in the same quarter of 2024.

Total upstream production in the quarter was 870,000 barrels of oil equivalent per day, up from 828,600 barrels of oil equivalent per day. Suncor’s refineries processed 491,700 barrels per day, up from 487,600 barrels in the same quarter last year.

“Our people continue to deliver shareholder value with a culture where every barrel and every dollar matters,” CEO Rich Kruger said in a news release Tuesday. “Supported by our integrated business model, we improve overall performance and generate higher, more reliable and more assessable free cash flow with less volatility and less dependence on the external business environment.”

Also Tuesday, Suncor announced it will increase its quarterly dividend by 5% to 60 cents per share.

Uranium miner Cameco increases annual dividend and reports small loss for Q3

Cameco increased its dividend and reported a small net loss in the most recent quarter. The uranium mine says it will pay an annual dividend of 24 cents per share, up from 16 cents. The higher payment to shareholders came as Cameco posted a net loss of $158,000, or zero cents per diluted share, for the quarter ended Sept. 30, compared with a profit of $7.4 million, or two cents per diluted share, a year earlier.