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MARKETS LIVE BLOG:

STOCKS SLIDE AFTER META'S REALITY CHECK, WITH GDP ON DECK

Owner of Facebook and Instagram plans to spend up to US$10B on AI infrastructure investments

Stocks in play: Onex Corporation

Baystreet.ca
Updated

Announced its consolidated financial results for the second quarter ended June 30, 2018. On a consolidated basis for the second quarter, revenues increased by 4% to $6.4 billion compared to the same period of the prior year. The increase was largely due to the inclusion of revenues from the acquisitions of IntraPac, Laces and SMG. Net loss for the second quarter of 2018 was $262 million compared to net earnings of $2.7 billion in the same quarter of 2017. Onex Corporation shares T.ONEX are trading up $1.33 at $96.12.