Markets RCI

Rogers Communications Inc. Q3 Profit Increases, Beats Estimates

(RTTNews) - Rogers Communications Inc. (RCI) announced earnings for its third quarter that Increased from the same period last year and beat the Street estimates.

The company's earnings totaled C$5.754 billion, or C$10.62 per share. This compares with C$526 million, or C$0.98 per share, last year.

Excluding items, Rogers Communications Inc. reported adjusted earnings of C$740 million or C$1.37 per share for the period.

Analysts on average had expected the company to earn C$1.24 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 4.3% to C$5.348 billion from C$5.129 billion last year.

Rogers Communications Inc. earnings at a glance (GAAP) :

-Earnings: C$5.754 Bln. vs. C$526 Mln. last year. -EPS: C$10.62 vs. C$0.98 last year. -Revenue: C$5.348 Bln vs. C$5.129 Bln last year.

RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source

Tags

Stocks Mentioned

Latest Articles

Data is currently not available