Shares in Canadian seafood giants Clearwater and High Liner start the week higher than before their differing second quarter financial results were released last week. But in the view of analysts, similarities tend to end there, with the firms' executives facing a wholly different set of challenges and outlooks.
High Liner's second quarter earnings before interest, taxation, depreciation and amortization (EBITDA) exceeded BMO Capital Markets analysts' estimates on stronger margins following cost reduction actions, although sales volumes continue to decline during this early phase of the turnaround initiatives.
