Over the Paywall – Good Info News Wire
Key Facts
- Rogers Communication Inc. reported a second-quarter profit of $81.2 million.
- The company stated that it had a net income of 15 cents per share, and, after adjustment for non-recurring costs, the earnings were 76 cents per share.
- However, these results did not meet Wall Street expectations, which according to a survey by Zacks Investment Research (based on five analysts) was projected to be 84 cents per share.
Article Summary
Toronto-based telecom giant, Rogers Communication Inc., revealed its second-quarter financials, showing a profit of $81.2 million. The company’s net income stood at 15 cents per share, increasing to 76 cents per share after adjustments for non-recurring costs. Despite these positive figures, they fell short of the Wall Street forecast. According to a survey by Zacks Investment Research of five analysts, the anticipated earnings per share was 84 cents, indicating that Rogers’ performance was not up to market expectations.
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