09.11.2023 13:35:00 - dpa-AFX: Rogers Communications Q3 Profit Beats Estimates

OTTAWA (dpa-AFX) - Rogers Communications Inc. (RCI.TO), a Canadian
communications and media company, Thursday reported loss of C$99 million or
C$0.20 per share for the third quarter, compared with profit of C$371 million or
C$0.71 per share in the same quarter a year ago.

The company said net loss was due to higher depreciation and amortization,
higher finance costs, and higher restructuring, acquisition and other costs,
primarily associated with Shaw acquisition- and integration-related activities,
and a $422 million loss on an obligation to purchase at fair value the
non-controlling interest in one of our joint ventures' investments.

Excluding one-time items, the company reported profit of C$679 million or C$1.27
per share, higher than C$436 million or C$0.84 per share in the previous year.
On average, 13 analysts polled by Thomson-Reuters expected the company to report
earnings of C$1.11 per share. Analysts' estimates typically exclude special
items.

Revenue for the quarter increased to C$5.092 billion from C$3.743 billion last
year, helped by growth in service revenue. The consensus estimate was for C$5.08
billion.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
ROGERS COMM.B CD 1,62478 867590 Frankfurt 37,000 03.06.24 08:04:55 +0,600 +1,65% 37,000 37,200 37,000 36,400

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