Investing.com - BCE Inc. reported first quarter earnings that beat analysts' expectations on Thursday and revenue that was inline with forecasts.
The firm reported earnings per share of C$0.8 on revenue of C$5.68B. Analysts polled by Investing.com anticipated EPS of C$0.77 on revenue of C$5.68B. That compared to EPS of C$0.77 on revenue of C$5.73B in the same period a year earlier. The company had reported EPS of C$0.88 on revenue of C$6.32B in the previous quarter.
For the year, BCE Inc. shares are up 12%, outperforming the BEL 20 which is down 23.35% year to date.
BCE Inc. follows other major Services sector earnings this month
On Wednesday, April 22, 2020, Rogers Communications reported first quarter EPS of C$0.71 on revenue of C$3.42B, compared to forecasts of EPS of C$0.79 on revenue of C$3.52B.
Loblaw Companies earnings beat analyst's expectations on Wednesday, April 29, 2020, with first quarter EPS of C$0.97 on revenue of C$11.8B. Investing.com analysts expected EPS of C$0.93 on revenue of C$11.5B
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