Cervus 1Q Revenues Rise, Profits Drop; Outlook ‘Stable’

For the period ended March 31, Cervus Equipment Corp. (CVL), the publicly held John Deere dealership based in Calgary, reported its first-quarter revenue increased by 35.7% to $148.9 million from $109.8 million vs. the same period of 2012. At the same time, the dealership group said its profit decreased by $896,000 or 64.2% to $500,000 for the quarter from $1.4 million in 2012.

According to a note from Ben Cherniavsky, analyst for Raymond James, the…

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