- Revenue of Lightspeed Commerce Inc. (LSPD) rose 38 per cent YoY in Q2 FY23.
- Lightspeed Commerce's subscription revenue jumped 25 per cent YoY in the latest quarter.
- Net earnings of Fortis Inc. (FTS) was US$ 326 million in Q3 FY22.
A flurry of millennial investors might be exploring opportunities in the stock market. Many young investors created hype of the equity market with their research and understanding of the stock movements.
Meanwhile, the millennials are getting older and are entering the financial phase, where they have to look out for savings, getting homes, and other responsibilities.
Lightspeed Commerce Inc. (TSX: LSPD)
The point-of-sale and e-commerce-focused software firm Lightspeed Commerce Inc, had a market cap of C$ 3.12 billion. The stock of the one-stop commerce platform for retail, hospitality, and other related services, plunged over 59 per cent YTD and about 66 per cent YoY.
On a QTD basis, the LSPD stock plummeted over 14 per cent and was at its 52-week low of US$ 18.84 on November 9, 2022.
However, Lightspeed Commerce Inc's revenue increased by 38 per cent YoY to US$ 183.7 million in Q2 FY23. Meanwhile, its net loss deteriorated to US$ 79.9 million from 59.1 million in Q2 FY22.
The company's revenue rose 41 per cent in constant currency, and its subscription revenue was up 25 per cent YoY to US$ 74.5 million in the latest quarter.
Fortis Inc. (TSX: FTS)
The leading St. John's-based international utilities firm, Fortis Inc's dividend yield was 4.15 per cent. The stock of the regulated gas and electric utility firm tumbled over 10 per cent YTD and around five per cent YoY.
Fortis Inc's net earnings totaled C$ 326 million in Q3 FY22, against C$ 295 million in Q3 FY21. The utility firm's net earnings for the first nine months were C$ 960 million, against C$ 903 million in the year-ago period.
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The recent uncertainties due to the elevated inflation and aggressive monetary campaign by the central bank to rein in the soaring prices have made the market jittery. The uncertainties have spurred concerns over a potential recession, forcing many investors to keep their distance from the risk-bet assets.
Although the historic performance doesn't signify the market's future performance, it is often seen that the market recovers after a hit. While it is one of the toughest periods for millennials, some analysts anticipate that the market might regain its momentum in the coming years.
But, investors should do thorough research and have a proper understanding of the financial market, before making any bets in the stock market. The S&P/TSX Composite Index fell nearly six per cent YTD while increasing about nine per cent QTD.
Please note, the above content constitutes a very preliminary observation based on the industry and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.