Consumer Goods Stock Rises on Financial Results

Dorel Industries Inc. (TSX:DII.B), a consumer goods stock, rose announcing Fiscal 2019 financial results

Sean Mason | March 12, 2020 | SmallCapPower

A small loss was a gain for investors in a consumer goods stock Thursday. Here’s some small stocks making big moves on Thursday, March 12, 2020 (as of 4 pm EST):

Dorel Industries Inc. (TSX:DII.B), a consumer goods stock, rose as much as 7% before ending down 25% to $1.95 on Thursday after announcing that its Fiscal 2019 net loss narrowed to US$10.5 million from US$444.3 million during 2018, while full-year revenue was flat at US$2.63 billion.

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As well, shares of exactEarth Ltd. (TSX:XCT) climbed as much as 8% as the provider of Satellite-AIS data services said its first-quarter revenue increased 17% to $4.1 million, while its net loss for the period narrowed to $0.6 million from $1.2 million a year earlier.

Linamar Corporation (TSX:LNR), meanwhile, reported 2019 free cash flow of more than $670 million, $380 million of which was generated in the fourth quarter of 2019. Linamar stock moved up 4% to $30.30 following the announcement.

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Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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