Rogers Communications Q4 Adj. EPS $0.87 Up From $0.81 YoY, Sales Total $3.92B
Portfolio Pulse from Benzinga Newsdesk
Rogers Communications (NYSE:RCI) reported a Q4 adjusted EPS of $0.87, up 7.41% from $0.81 YoY, but missed sales estimates with $3.92B against the expected $3.99B. This represents a significant increase in sales from $3.10B the same period last year.
February 01, 2024 | 12:26 pm
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Rogers Communications reported a Q4 adjusted EPS increase to $0.87 from $0.81 YoY, but missed sales estimates, reporting $3.92B against the expected $3.99B.
The increase in EPS indicates a positive performance in profitability, which could be seen favorably by investors. However, missing sales estimates might raise concerns about growth prospects, potentially balancing out the positive impact of the EPS increase. The significant year-over-year growth in sales suggests underlying strength, which might mitigate negative reactions to the sales miss.
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