BCE

BCE Inc. Q1 Profit Increases, Beats Estimates

(RTTNews) - BCE Inc. (BCE.TO) revealed earnings for its first quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $630 million, or $0.68 per share. This compares with $402 million, or $0.44 per share, last year.

Excluding items, BCE Inc. reported adjusted earnings of $633 million or $0.69 per share for the period.

Analysts on average had expected the company to earn $0.62 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 1.3% to $5.930 billion from $6.011 billion last year.

BCE Inc. earnings at a glance (GAAP) :

-Earnings: $630 Mln. vs. $402 Mln. last year. -EPS: $0.68 vs. $0.44 last year. -Revenue: $5.930 Bln vs. $6.011 Bln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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