TSX:AIFReal Estate
Altus Group (TSX:AIF) Stock Rebounds On Margin Rebuild Despite Revenue Dip
Altus Group stock came into the Q2 print with a solid run behind it, up about 18% over the past three months and closing at CA$52.43 on 7 August. The headline today is not revenue, which sat at CA$112.7m, or even another small loss per share. The real story is the earnings quality behind those numbers. Adjusted EBITDA and margins moved sharply higher while reported net income still showed a loss, pulled down by foreign exchange swings and one off costs. Short term noise, long term margin...