Rogers profit and revenue tick higher
The Canadian Press
Posted: Oct 24, 2012 8:59 AM ET
Last Updated: Oct 24, 2012 4:35 PM ET
Rogers saw its profitability and topline sales inch higher last quarter. (Darrel Dyck/Canadian Press)
Rogers Communications Inc. says its third-quarter revenue and profit were up slightly from the same time last year — meeting or beating analyst estimates on key financial measures.
The Toronto-based cable, wireless and media company's net income was $495 million or 96 cents per share, up from $489 million or 90 cents per share.
Its revenue increased to $3.17 billion, up about one per cent from the same time last year.
The revenue was largely in line with analyst estimates compiled by Thomson Reuters but net earnings were seven cents per share higher than anticipated.
Rogers says its adjusted operating profit rose by five per cent to $1.29 billion.
Analysts estimates put adjusted earnings per share at 89 cents based on 13 estimates and net EPS also at 89 cents.
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