TORONTO — Shares in Ottawa software developer Cognos Inc. went on a wild ride yesterday after the company delivered a 27% improvement in its fourth-quarter revenues, shattering analyst expectations. Cognos shares spiked up $1.16 to $52.85 shortly after trading began on the Toronto Stock Exchange, then dropped to $51.40 in just the first two hours or trading. By mid-afternoon, the stock had recovered more than 3%, up $1.55 at $52.46.
Link: Ottawa Sun
