Telesat announced a 25% revenue decline to $87 million and a net loss of $151 million for Q1 2026, mainly due to lower GEO segment revenue and a goodwill impairment. The company invested $171 million in its Lightspeed Low Earth Orbit (LEO) satellite program, aiming to start global commercial service by Q1 2028. Despite revenue pressures, Telesat maintains its 2026 guidance for GEO revenue and adjusted EBITDA and secured a multi-year contract with Northwestel for rural broadband in Nunavut. The addition of Military Ka-band spectrum to Lightspeed enhances its appeal to government and defense sectors globally.
Deere & Company announced a quarterly dividend of $1.62 per share, payable on August 10, 2026. The dividend will be paid to shareholders of record as of June 30, 2026. This dividend declaration reflects the company's ongoing commitment to returning v...
Tesla shares gained as investors reacted to a 67.2% year-over-year increase in European electric vehicle sales and speculation about a potential future merger with SpaceX. Tesla sold 9,169 vehicles in Europe in April, with year-to-date sales up 61.7%...
Modine Manufacturing is pivoting from traditional markets to focus on advanced AI cooling solutions for hyperscale data centers. The company has beaten earnings and revenue estimates for four consecutive quarters, reporting $1.71 earnings per share a...
The global fleet telematics market is projected to grow from $10.42 billion in 2025 to $21.95 billion by 2032, at an 11.2% CAGR. Growth is fueled by increased adoption of advanced telematics in commercial vehicles for operational efficiency, predicti...
Bank of Nova Scotia reported strong Q2 fiscal 2026 results, with adjusted earnings of $1.47 per share beating the $1.46 estimate and revenue of $7.17 billion surpassing expectations. Key segments showed growth: Canadian Banking earnings rose 53%, Int...
