E A Wild Day

Net loss before taxes was $44.0 million, down from a loss of $63.0 million during the fourth quarter of 2019. Income tax expense was $6.6 million, driven for pre-tax gains in the Argentine segment offset by the impact of operating losses in Brazil.Net loss was $50.6 million, resulting in net loss per share of $1.02. I am publishing this after a week spent trying to find the numbers which MELI was managing.

*Algonquin Power & Utilities reported on its Q4 and 2020 in US$s except for eps numbers which are in loonies. 2020 sales were up 3% to $1.677 bn and adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) at $869.5 mn, up 4%. Net earnings for the year hit $365.8 mn, up 14% but eps was only up 2% to 64¢ because of new share issues. Q4 saw sales up 12% to $492.4 mn and adjusted EBITDA up 10% to $253.1 mn. Q4 earnings hit $127 mn, up 23% and eps was 21¢, up 5%.

AQN last year made 2 major acquisitions, of Chilean ESSAL, a water and waste firm, and Ascendant Group which operates Bermuda Electric Light Co. It also began offering its customers renewable energy joint ventures mostly in solar, which resulted in the group hitting a new high for renewable construction, including some wind sites after it acquired control of a Texas-based wind operator in Nov., just in time for the blizzard. It funded these moves with 144A unsecured notes sold to US institutions.

For 2021 it estimates net earnings of 71-78 cents/sh (Canadian) but includes nothing about the weather disruption which is still in process. Its Q4 eps missed by 1 loony penny and its revenues were $30.78 mn below the consensus forecast. Adjusted EBITDA was off by $90 mn from the forecast. So the stock fell 1.55% today.

*Because Norway's currency is being boosted by its oil production, the country's green energy firm Tomra Systems, TMRAY fell 0.65% because its shares are primarily listed there.

*From India, Abimanyu updates us on Japan's Nintendo games and consoles. He writes:

“Unconfirmed reports say NTDOY will update the Switch console with a larger Samsung gaming screen which will work on a television set, something lacking in our firm's range compared to Sony and Microsoft gaming systems. Last month it made an uncharacteristic higher prediction of sales for this year, which may mean a new product ready for the 2021 holidays.”

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William K. 2 months ago Member's comment

Intteresting and informative as always, V.L. And it seems that the news is rather encouraging as well. Thanks for the good article.