News

Corus Entertainment posts profit of $76.6 million in 2nd quarter

TORONTO – TORONTO (AP) _ Corus Entertainment Inc. (CJREF) on Wednesday reported fiscal second-quarter net income of $76.6 million, after reporting a loss in the same period a year earlier.

The Toronto-based company said it had net income of 88 cents per share. Earnings, adjusted for one-time gains and costs, came to 18 cents per share.

The media company posted revenue of $148.1 million in the period.

Corus shares have increased 19 per cent since the beginning of the year. The stock has dropped 33 per cent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CJREF at http://www.zacks.com/ap/CJREF

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Keywords: Corus Entertainment, Earnings Report