Proactive Investors - Bell Media’s parent company BCE Inc. (TSX:TSX:BCE) reported a slight revenue miss for the second quarter.
Revenue was down 1% from the year-ago quarter at $6.01 million missing estimates of $6.07 million, which was attributed to an 8.7% decrease in product revenue to $697 million.
Adjusted earnings per share (EPS) were down slightly at $0.78 from $0.79 in the year-ago quarter, in line with expectations.
During the quarter, Bell saw a 4.4% increase in total mobile phone net activations to 131,043.
It saw its highest quarter of prepaid net activations in almost two years, up 269% at 52,543.
"BCE's Q2 financial results demonstrate our focused execution, agility and effective cost management in a highly competitive marketplace," BCE and Bell Canada chief financial officer Curtis Millen commented.
“In the highly-competitive wireless environment, we’re striking the right balance between subscriber growth and profitability, and our promotional discipline is delivering new subscribers focused on higher-value connections.”
Shares of BCE moved higher post-earnings, adding 1.1% at about C$47 in early trade in Toronto on Thursday.