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Rogers Communications beats estimates on sports asset revenue

Bloomberg ·

RCI
RCI Rogers Communications Inc
$33.20 +4.57%
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  1. 1Rogers Communications reported adjusted earnings per share of 1.29 CAD for the third quarter, exceeding the analyst consensus estimate of 1.23 CAD.
  2. 2Rogers media revenue of 821 million CAD represented a 9% increase compared to the previous year.
  3. 3Rogers added 6,000 net postpaid mobile subscribers during this quarter.

So what's the key point?

Rogers Communications earned more profit than experts expected. This means performance improved as media revenue grew by 9 percent.

Source Bloomberg · View original ↗

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