Rogers Communications Reported Q1 Revenue of C$4.90B, up by 28% YoY, Adj EPS of C$0.99 Vs C$1.09 YoY
Portfolio Pulse from Benzinga Newsdesk
Rogers Communications Inc. (RCI) reported a 28% year-over-year increase in Q1 revenue, reaching C$4.90 billion. However, its adjusted earnings per share (EPS) decreased to C$0.99 from C$1.09 YoY.
April 24, 2024 | 11:05 am
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Rogers Communications Inc. reported a significant increase in Q1 revenue but saw a decrease in adjusted EPS year-over-year.
The increase in revenue indicates strong sales performance, which is positive. However, the decrease in adjusted EPS suggests higher costs or expenses, which could concern investors. The mixed results make the short-term impact neutral as investors weigh the positives against the negatives.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100