Investing.com - BCE (TSX:BCE) Inc reported first quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of C$0.89 on revenue of C$5.85B. Analysts polled by Investing.com forecast EPS of C$0.8104 on revenue of C$5.86B. .
BCE Inc shares gained 1.28% to trade at C$70.30 in intra-day trade following the report.
For the year, BCE Inc shares are up 6.82%, outperforming the S&P/TSX which is down 1.13% year to date.
BCE Inc follows other major Communication Services sector earnings this month
On Wednesday, April 20, 2022, Rogers Communications reported first quarter EPS of C$0.91 on revenue of C$3.62B, compared to forecasts of EPS of C$0.8327 on revenue of C$3.63B.
Shaw Communications earnings missed analyst's expectations on Wednesday, April 13, 2022, with second quarter EPS of C$0.39 on revenue of C$1.36B. Investing.com analysts expected EPS of C$0.4 on revenue of C$1,372M
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