Investing.com - Rogers Communications reported first quarter earnings that missed analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of C$0.71 on revenue of C$3.42B. Analysts polled by Investing.com anticipated EPS of C$0.79 on revenue of C$3.53B. That compared to EPS of C$0.78 on revenue of C$3.59B in the same period a year earlier. The company had reported EPS of C$1 on revenue of C$3.95B in the previous quarter.
Rogers Communications shares lost 0.10% to trade at C$57.38 in intra-day trade following the report.
For the year, Rogers Communications shares are down 11.01%, outperforming the S&P/TSX which is down 16.99% year to date.
Rogers Communications follows other major Services sector earnings this month
On Wednesday, 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$3.53B.
Metro Inc. earnings matched analyst's expectations on Wednesday, with second quarter EPS of C$0.72 on revenue of C$3.99B. Investing.com analysts expected EPS of C$0.72 on revenue of C$3.9B
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