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BRIEF-BCE Inc Reports Quarterly Adjusted EPS Of $0.80

Published 2020-05-07, 09:17 a/m

May 7 (Reuters) - BCE Inc BCE.TO :

* QTRLY EARNINGS PER SHARE $0.75

* QTRLY ADJUSTED EPS $0.80

* WITHDRAWING 2020 FINANCIAL GUIDANCE DUE TO UNCERTAINTY REGARDING DURATION AND IMPACTS OF COVID-19

* QTRLY BCE OPERATING REVENUE WAS $5,680 MILLION, DOWN 0.9% COMPARED TO Q1 2019

* REPORTED 19,595 NET NEW WIRELESS CUSTOMERS (23,650 POSTPAID AND A NET LOSS OF 4,055 PREPAID) IN Q1

* REPORTED 22,595 NET NEW RETAIL INTERNET CUSTOMERS; 2,852 NET NEW IPTV CUSTOMERS IN Q1

* REPORTED NET LOSS OF 21,407 RETAIL SATELLITE TV CUSTOMERS; AND A NET LOSS OF 61,595 RETAIL RESIDENTIAL NAS LINES IN Q1

* IN QUARTER BCE WIRELESS AND RETAIL INTERNET, TV AND RESIDENTIAL NAS CONNECTIONS TOTALLED 18,945,550, UP 2.0% OVER Q1 2019

* QTRLY BELL MEDIA ADVERTISING REVENUE WAS LOWER COMPARED TO Q1 2019 DUE TO IMPACT OF COVID-19 ON CUSTOMER SPENDING ACROSS ADVERTISING PLATFORMS

* Q1 EARNINGS PER SHARE VIEW C$0.76, REVENUE VIEW C$5.68 BILLION -- REFINITIV IBES DATA

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