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Per-share earnings fell 15% on flat sales in the June quarter, as lower shipment volumes offset a 13% increase in prices.
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The drop reflected both lower shipments and oil prices.
The adjustments will help lower shipments of energy-consuming products, it said.
In addition, manufacturing output shrank for the third consecutive quarter, mainly because of lower shipments to the United States, which buys about 85percentt of Canada's exports.
Some of the loss resulted from lower shipments of forestry products because of slower housing demand in the United States, the agency said, and a strong Canadian dollar also led to flat manufacturing output.
The Briggs & Stratton Corporation, a maker of engines for lawn mowers, had a wider-than-expected fiscal first-quarter loss because of a weaker euro, declining sales and lower shipments of engines.
Revlon, the cosmetics maker, reported a bigger quarterly loss as North American sales fell on lower shipments to retailers.
Truck makers have been cutting production and work forces in the last year because a glut of new and used vehicles, higher costs and lower freight shipments have hurt North American demand.
Both Gartner and IDC recorded lower PC shipments for smaller companies, over all.
"The 5.5in iPhone 6 is more likely to be equipped with [optical image stabilisation] due to lower estimated shipments and the need for more product features to differentiate itself from the 4.7in iPhone 6," the analysts say.
[C4.] Qualcomm Profit Beats Forecasts Qualcomm reported that its fourth-quarter earnings edged higher, to 25 cents a share, beating analysts' expectations by a penny, as licensing revenue more than compensated for lower phone shipments in South Korea.
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