Investing.com - BCE Inc. reported first quarter earnings that missed analysts' expectations on Thursday and revenue that was inline with forecasts.
The firm reported earnings per share of C$0.77 on revenue of C$5.73B. Analysts polled by Investing.com anticipated EPS of C$0.78 on revenue of C$5.73B. That compared to EPS of C$0.8 on revenue of C$5.59B in the same period a year earlier. The company had reported EPS of C$0.89 on revenue of C$6.22B in the previous quarter.
BCE Inc. shares lost 0.58% to trade at C$59.70 in intra-day trade following the report.
For the year, BCE Inc. shares are up 18%, outperforming the S&P Global (NYSE:SPGI) 100 which is up 14.07% year to date.
BCE Inc. follows other major Services sector earnings this month
On Thursday, April 18, 2019, Rogers Communications reported first quarter EPS of C$0.78 on revenue of C$3.59B, compared to forecasts of EPS of C$0.92 on revenue of C$3.72B.
Loblaw Companies earnings missed analyst's expectations on Wednesday, with first quarter EPS of C$0.78 on revenue of C$10.66B. Investing.com analysts expected EPS of C$0.81 on revenue of C$10.58B
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