Rogers Communications Q2 Adj EPS $0.76 Misses $0.84 Estimate, Sales $3.76B Miss $3.82B Estimate
Portfolio Pulse from Benzinga Newsdesk
Rogers Communications (NYSE:RCI) reported Q2 adjusted earnings of $0.76 per share, missing the analyst consensus estimate of $0.84 by 9.64%. The company also reported quarterly sales of $3.76 billion, missing the analyst consensus estimate of $3.82 billion by 1.67%. However, both earnings and sales have increased compared to the same period last year.
July 26, 2023 | 11:10 am
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NEGATIVE IMPACT
Rogers Communications' Q2 earnings and sales missed analyst estimates, which could negatively impact the stock in the short term. However, the YoY growth in both earnings and sales might mitigate this impact.
Rogers Communications' Q2 earnings and sales fell short of analyst estimates, which could lead to a negative sentiment among investors and a potential drop in the stock price. However, the YoY growth in both earnings and sales might be seen as a positive sign, potentially mitigating the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100