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(RTTNews) - Rogers Communications Inc. (RCI.TO) reported earnings for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line came in at C$328 million, or C$0.62 per share. This compares with C$508 million, or C$1.01 per share, in last year's fourth quarter.
Excluding items, Rogers Communications Inc. reported adjusted earnings of C$630 million or C$1.19 per share for the period.
Analysts on average had expected the company to earn C$1.1 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 28.1% to C$5.335 billion from C$4.166 billion last year.
Rogers Communications Inc. earnings at a glance (GAAP) :
-Earnings (Q4): C$328 Mln. vs. C$508 Mln. last year. -EPS (Q4): C$0.62 vs. C$1.01 last year. -Analyst Estimates: C$1.1 -Revenue (Q4): C$5.335 Bln vs. C$4.166 Bln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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