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CANACCORD GENUITY GROUP INC. PROVIDES OUTLOOK FOR THIRD QUARTER FISCAL 2022 RESULTS
CANACCORD GENUITY GROUP INC. PROVIDES OUTLOOK FOR THIRD QUARTER FISCAL 2022 RESULTS ...
About this update from Canaccord Genuity Group Inc.
[{"type":"text","content":"\n \n \n \n CANACCORD GENUITY GROUP INC. PROVIDES OUTLOOK FOR THIRD QUARTER FISCAL 2022 RESULTS\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n Jan. 14, 2022\n \n /CNW/ - Canaccord Genuity Group Inc. (TSX: CF) (the \"Company\") announces preliminary results for the third quarter of fiscal 2022, ended\n \n December 31, 2021\n \n . The preliminary results announced are consistent with management's expectations for the fiscal quarter and are being disclosed at this time because the Company's scheduled quarterly earnings release date of\n \n February 9, 2022\n \n is after the expiry of its substantial issuer bid. The Company's substantial issuer bid for up to\n \n $100 million\n \n of its common shares commenced on\n \n December 22, 2021\n \n and is scheduled to expire on\n \n January 27, 2022\n \n unless extended or withdrawn.\n \n \n Excluding significant items, the Company expects to report quarterly net income attributable to common shareholders of approximately\n \n $75 million\n \n , which translates to earnings per common share of approximately\n \n $0.69\n \n for the third quarter of fiscal 2022, compared to\n \n $75.2 million\n \n and\n \n $0.62\n \n , respectively, for the third quarter of fiscal 2021 (see Non-IFRS Measures). Including all expense items, on an IFRS basis, the Company expects to report quarterly net income attributable to common shareholders of approximately\n \n $56 million\n \n , and earnings per common share of approximately\n \n $0.52\n \n for the third quarter of fiscal 2022 compared to\n \n $64.6 million\n \n and\n \n $0.54\n \n , respectively, for the third quarter of fiscal 2021.\n \n \n Firm wide revenue is expected to be approximately\n \n $550 million\n \n for the third fiscal quarter. This amount represents an increase of approximately 3.2% when compared to revenue of\n \n $533 million\n \n for the third quarter of fiscal 2021 and an increase of approximately 15.8% when compared to revenue of\n \n $475 million\n \n for the second quarter of fiscal 2022.\n \n \n Results...