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MARKETS LIVE BLOG:

STOCKS EXTEND GAINS AS RESULTS SEASON KICKS INTO HIGH GEAR

Tech-focused investors prepare for fresh wave of earnings highlighted by struggling Tesla

Stocks in play: CCL Industries Inc.

Baystreet.ca
·1 min read

Reported 2020 second-quarter results. Sales for the second quarter of 2020 decreased 9.8% to $1,221.9 million, compared to $1,354.2 million for the second quarter of 2019, with 12.4% organic decline partially offset by 2.2% acquisition-related growth and 0.4% positive impact from foreign currency translation. Operating income for the second quarter of 2020 was $163.6 million compared to $198.7 million for the comparable quarter of 2019. Operating income decreased 18.2%, excluding currency translation. CCL Industries Inc. shares T.CCL.B are trading up $1.69 at $46.96.

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