Investing.com - BCE (TSX:BCE) Inc reported second quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of C$0.87 on revenue of C$5.86B. Analysts polled by Investing.com forecast EPS of C$0.8399 on revenue of C$5.87B. .
BCE Inc shares gained 1.21% to trade at C$64.41 in intra-day trade following the report.
For the year, BCE Inc shares are down 2.13%, outperforming the S&P/TSX which is down 7.8% year to date.
BCE Inc follows other major Communication Services sector earnings this month
On Wednesday, July 27, 2022, Rogers Communications reported second quarter EPS of C$0.86 on revenue of C$3.87B, compared to forecasts of EPS of C$0.8436 on revenue of C$3.8B.
Quebecor earnings beat analyst's expectations on Thursday, with second quarter EPS of C$0.68 on revenue of C$1.12B. Investing.com analysts expected EPS of C$0.6786 on revenue of C$1.14B
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