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MARKETS LIVE BLOG:

STOCKS RISE AS TECHS REVIVE, WITH NETFLIX EARNINGS ON TAP

Tesla shares slide to 52-week low; stock is down roughly 40% year-to-date

Stocks in play: CGI Inc.

Baystreet.ca
Updated

Reported fiscal 2018 fourth-quarter revenue of $2.8 billion, up 7.3% compared with last year. On a constant currency basis, revenue grew by 5.0% as foreign exchange fluctuations positively impacted revenue by $60.8 million.Adjusted EBIT was $435.7 million or 15.6% of revenue, up 40 basis points or $40.0 million from the year ago period.Net earnings were $293.5 million, up 40.8% and representing a margin of 10.5%, an increase of 250 basis points over same period last year. Earnings per diluted share were $1.03, up 33 cents or 47.1% from 70 cents last year. CGI Inc. shares T.GIB.A are trading up $2.66 at $81.78.