MONTREAL—Shares in Transcontinental Inc. shot higher after the company reported a fourth quarter that topped expectations for both profits and revenue. Transcontinental says it earned 99 cents per share for the quarter. On an adjusted basis, Transcontinental says it earned 99 cents per share for the quarter, up from 91 cents per share in the same quarter a year ago. Revenue for what was the company’s fourth quarter totalled $829.2 million, up from $527.2 million, boosted by its acquisition of Coveris Americas earlier this year. Article Continued BelowAnalysts on average had expected an adjusted profit of 76 cents per share and revenue of $777.2 million, according to Thomson Reuters Eikon.

Source: thestar December 13, 2018 17:37 UTC